Serabi Gold plc Publication Timetable For Annual Results For 2020 And Half Year Results For 2021
27 Agosto 2021 - 1:00AM
UK Regulatory
TIDMSRB
For immediate release
27 August 2021
Serabi Gold plc
("Serabi" or the "Company")
Publication Timetable for Annual Results for 2020 and Half Year
Results for 2021
Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold
mining and development company, is pleased to provide an update on
the completion of the audit and publication of the financial
results for the 2020 calendar year.
Reporting timetable update
As previously advised the publication of the Company's Annual
Report and Accounts for the year ended 31 December 2020 ("2020
Annual report"), has been delayed as a result of the identification
and subsequent enquiries into the nature of unexplained cash
withdrawals made from the Group's Brazilian subsidiary Serabi
Mineracão SA ("SMSA").
The Company advises that the Forensic Investigations group of
Deloitte in Brazil ("Deloitte Brazil") who had been contracted by
the Company to undertake the necessary enquiries have now completed
their work and circulated a draft of their report (" the Deloitte
Report") has been circulated to the Company and the Company's
auditors. The report is expected to be finalised in the next few
days Following the issue of the Deloitte Report the Company's
auditors require a short period of time to complete all their final
audit and internal review procedures. The Company and the Company's
auditors plan that the issue of the 2020 Annual report will be
issued well in advance of the dates agreed with Companies House and
AIM."
As previously advised the London Stock Exchange has agreed to
extend the reporting deadline for the Company to publish its 2020
Annual Report for up to three months to 30 September 2021,
coinciding with the date the Company is required to file the 2020
Annual Report at Companies House.
As previously advised, the initial enquiries made by Deloitte
Brazil of the accounting and banking records of SMSA, identified a
total of approximately US$340,000 of cash that had been withdrawn
from SMSA over a period between January 2015 and December 2020.
Deloitte Brazil have now completed a further review of all other
electronic and physical records including electronic communications
and have not identified any further instances of irregular cash
withdrawals or other material transactions of an unusual nature.
The Company confirms that all the identified cash withdrawals were
recorded through the accounts of SMSA and expensed in the period in
which they were incurred. Further the review of available
electronic communications and other records has not indicated that
any of these cash withdrawals were made for the purpose of
facilitation arrangements or other inducements.
The Company also advises that it will publish its interim
financial results for the six month period ended 30 June 2021 prior
to the end of September 2021.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018.
The person who arranged for the release of this announcement on
behalf of the Company was Clive Line, Director.
Enquiries:
Serabi Gold plc
Michael Hodgson Tel: +44 (0)20 7246 6830
Chief Executive Mobile: +44 (0)7799 473621
Clive Line Tel: +44 (0)20 7246 6830
Finance Director Mobile: +44 (0)7710 151692
Email: contact@serabigold.com
Website: www.serabigold.com
Beaumont Cornish Limited
Nominated Adviser and Financial Adviser
Roland Cornish / Michael Cornish Tel: +44 (0)20 7628 3396
Peel Hunt LLP
Joint UK Broker
Ross Allister / Alexander Allen Tel: +44 (0)20 7418 9000
Tamesis Partners LLP
Joint UK Broker
Charlie Bendon / Richard Greenfield Tel: +44 (0)20 3882 2868
Camarco
Financial PR
Gordon Poole / Nick Hennis Tel: +44(0) 20 3757 4980
Copies of this announcement are available from the Company's
website at www.serabigold.com.
Neither the Toronto Stock Exchange, nor any other securities
regulatory authority, has approved or disapproved of the contents
of this announcement.
See
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www.serabigold.com for more information and follow us on twitter
@Serabi_Gold
(END) Dow Jones Newswires
August 27, 2021 02:00 ET (06:00 GMT)
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