TIDMWRKS
RNS Number : 1253Y
TheWorks.co.uk PLC
04 September 2020
TheWorks.co.uk plc (the "Company")
4 September 2020
Publication of Annual Financial Report and Notice of the Annual
General Meeting
TheWorks.co.uk plc has today published the following
documents:
-- Annual Report and Accounts for the 52 weeks ended 26 April 2020 ('FY20 Annual Report')
-- Notice of 2020 Annual General Meeting
-- Form of Proxy and Notice of Availability for the 2020 AGM
These documents are available on the Company's website at
www.theworksplc.co.uk , and printed copies will be posted to
shareholders today.
In compliance with LR 9.6.1 copies of the above documents have
been submitted to the National Storage Mechanism for submission to
the Financial Conduct Authority and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Company's Annual General Meeting will be held on Wednesday
30 September 2020 at 9.30 a.m.
As a consequence of the COVID-19 pandemic, this year's AGM will
be conducted as a "closed" meeting. In light of the UK Government's
current guidance on public gatherings, and the new regulations set
out in Schedule 14 of the Corporate Insolvency and Governance Act,
the Board has concluded that shareholders cannot be permitted to
attend the AGM in person this year. The meeting will therefore be
conducted as an electronic closed meeting, with the minimum quorum
of two shareholders to be facilitated by the Directors, and will
end immediately following the formal business. The format of the
meeting will be purely functional to comply with relevant legal
requirements.
Instead of attending this year's AGM, shareholders are asked to
exercise their votes by submitting their proxy electronically or by
post as soon as possible, so that they are received no later than
9.30a.m. on Monday 28 September 2020. Shareholders who wish to
appoint a proxy are recommended to appoint the Chairman of the
meeting as their proxy. As a result of the current Government
restrictions, if a shareholder appoints someone else as their
proxy, that proxy will not be able to attend the meeting in order
to cast the shareholder's vote.
Your votes do matter. Proxy instructions (which include the
ability to lodge proxies electronically) are set out below.
Shareholders are also invited to submit questions on any business
to be dealt with at the AGM in advance of the meeting via email at
theworks@prismcosec.com by no later than 9.30a.m. on Monday 28
September 2020. We will aim to answer questions received in advance
by publishing responses on thematic topics on our website either
prior to, or as soon as practicable after, the AGM.
A condensed set of the TheWorks.co.uk plc financial statements,
including information on important events that have occurred during
the year and their impact on the financial statements, and a
description of the Group's principal risks and uncertainties, were
included in the Company's Preliminary Results for the 52 weeks to
26 April 2020, released on 27 August 2020. To view the Preliminary
Results announcement, visit the Company website at
www.theworksplc.co.uk/investors . That information, together with
the information set out below, which is extracted from the 2020
Annual Report, constitute the information required under DTR 6.3.5R
to be communicated to the media in unedited full text through a
Regulatory Information Service.
This announcement is not a substitute for reading the FY20
Annual Report. Cross-references and page numbers in the extracted
information below refer to sections in the FY20 Annual Report. The
information contained in this announcement and in the Preliminary
Results announcement does not constitute the Group's statutory
accounts but is derived from those accounts. The statutory accounts
for the 52 weeks ended 26 April 2020 have been approved by the
Board and will be delivered to the Registrar of Companies following
the Company's Annual General Meeting.
Statement of Directors' Responsibilities (FY20 Annual Report -
Page 63)
The Directors are responsible for preparing the Annual Report
and the Group and Parent Company financial statements in accordance
with applicable law and regulations.
Company law requires the Directors to prepare Group and Parent
Company financial statements for each financial year. Under that
law, they are required to prepare the Group financial statements in
accordance with International Financial Reporting Standards as
adopted by the European Union (IFRS adopted by the EU) and
applicable law and have elected to prepare the parent Company
financial statements in accordance with accounting standards
including FRS101 Reduced disclosure framework.
Under company law, the Directors must not approve the financial
statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Group and Parent Company and of
their profit or loss for that period. In preparing each of the
Group and Parent Company financial statements, the Directors are
required to:
-- Select suitable accounting policies and then apply them consistently;
-- Make judgements and estimates that are reasonable, relevant, reliable and prudent;
-- For the Group annual statements, state whether they have been prepared in accordance with IFRS as adopted by the
EU;
-- For the Parent Company annual statements, state whether appropriate UK accounting standards have been followed,
subject to any material departures disclosed and explained in the Parent Company annual statements;
-- Assess the Group and Parent Company's ability to continue as a going concern, disclosing, as applicable, matters
related to going concern; and
-- Use the going concern basis of accounting unless they either intend to liquidate the Group or the Parent Company
or to cease operations, or have no realistic alternative but to do so.
The Directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the Parent
Company's transactions and disclose with reasonable accuracy at any
time the financial position of the Parent Company and that enable
them to ensure that its financial statements comply with the
Companies Act 2006. They are responsible for such internal control
as they determine is necessary to enable the preparation of
financial statements that are free from material misstatement,
whether due to fraud or error, and have general responsibility for
taking such steps as are reasonably open to them to safeguard the
assets of the Group and to prevent and detect fraud and other
irregularities.
Under applicable law and regulations, the Directors are also
responsible for preparing a Strategic Report, Directors' Report,
Directors' Remuneration Report and Corporate Governance report that
complies with that law and those regulations.
The Directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
Company's website.
Legislation in the UK governing the preparation and
dissemination of financial statements may differ from legislation
in other jurisdictions.
Responsibility statement of the Directors in respect of the
Annual Financial Report
We confirm that to the best of our knowledge:
-- The financial statements, prepared in accordance with the applicable set of accounting standards, give a true and
fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings
included in the consolidation taken as a whole; and
-- The Strategic Report includes a fair review of the development and performance of the business and the position
of the issuer and the undertakings included in the consolidation taken as a whole, together with a description of
the principal risks and uncertainties that they face.
We consider that the Annual Report and Accounts, taken as a
whole, is fair, balanced and understandable and provides the
information necessary for shareholders to assess the Group's
position and performance, business model and strategy.
Related party transactions (FY20 Annual Report - Page 105, Note
27)
Identity of related parties with which the Group has
transacted
Balances and transactions between the company and its
subsidiaries, which are related parties, have been eliminated on
consolidation and are not disclosed in this note. Transactions
between the Group and its associates are disclosed below.
There were no transactions with related parties who are not
members of the Group in the current period. During the prior year,
Endless LLP was a related party of the Group. The management fee
paid during the prior year was GBP25,000.
Transactions with key management personnel
The compensation of key management personnel (including the
directors) included in the subsidiary financial statements is as
follows:
2020 2019
GBP000 GBP000
-------------------------------------------------- ------- -------
Key management remuneration - including social
security costs 2,001 3,535
Pension contributions 84 100
Long term incentive plan - including social
security costs 80 130
-------------------------------------------------- ------- -------
Total transactions with key management personnel 2,165 3,765
-------------------------------------------------- ------- -------
Enquiries:
TheWorks.co.uk plc via Teneo
Gavin Peck, CEO
Steve Alldridge, Interim
CFO
Teneo
Ben Foster +44 7776 240806 |
Haya Herbert-Burns +44 7342 031051 | theworks@teneo.com
Rachel Miller +44 7850 656713 |
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACSSSLFILESSEFU
(END) Dow Jones Newswires
September 04, 2020 11:16 ET (15:16 GMT)
Theworks.co.uk (LSE:WRKS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Theworks.co.uk (LSE:WRKS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024