Annual Financial Report and Notice of AGM

RNS Number : 3818G

Land Securities Group PLC

28 June 2012

 



28 June 2012

Land Securities Group PLC ('Land Securities')

Publication of Annual Report and Accounts and Notice of AGM 2012

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Land Securities has made available the following documents to shareholders:

-    Annual Report and Accounts for the financial year 2012 (HTML and paper copies)

-    Notice of the 2012 Annual General Meeting ('AGM') (HTML and paper copies)

In compliance with LR 9.6.1, the above documents have been submitted to the UK Listing Authority via the National Storage Mechanism and will shortly be available to the public for inspection at www.hemscott.com/nsm.do 

The documents listed above, together with proposed new Sharesave Rules and amended and updated Long Term Incentive Plan Rules are also available electronically on Land Securities' website at http://www.landsecurities.com/investors.  

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Annual General Meeting

Land Securities' AGM will be held at 11am on Thursday, 19 July 2012 at The National Gallery, London.

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In accordance with DTR 6.3.5, the Company provides the following information which is extracted from page 103 of the Annual Report and Accounts 2011/12.  Page, note and section reference in the text below refer to those Annual Report and Accounts.

Independent auditors' report to the members of Land Securities Group PLC

We have audited the Group and Parent Company financial statements (the 'financial

statements') of Land Securities Group PLC for the year ended 31 March 2012 which

comprise the Group Income Statement, the Group and Company Balance Sheets,

the Group and Company Statements of Cash Flows, the Group Statement of

Comprehensive Income, the Group and Company Statement of Changes in Equity

and the related notes. The financial reporting framework that has been applied in

their preparation is applicable law and International Financial Reporting Standards

(IFRSs) as adopted by the European Union and, as regards the Parent Company

financial statements, as applied in accordance with the provisions of the Companies

Act 2006.

Respective responsibilities of Directors and auditors

As explained more fully in the Statement of Directors' responsibilities set out on p102,

the Directors are responsible for the preparation of the financial statements and for

being satisfied that they give a true and fair view. Our responsibility is to audit and

express an opinion on the financial statements in accordance with applicable law and

International Standards on Auditing (UK and Ireland). Those standards require us to

comply with the Auditing Practices Board's Ethical Standards for Auditors.

This report, including the opinions, has been prepared for and only for the

Company's members as a body in accordance with Chapter 3 of Part 16 of the

Companies Act 2006 and for no other purpose. We do not, in giving these opinions,

accept or assume responsibility for any other purpose or to any other person to

whom this report is shown or into whose hands it may come save where expressly

agreed by our prior consent in writing.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the

financial statements sufficient to give reasonable assurance that the financial

statements are free from material misstatement, whether caused by fraud or error.

This includes an assessment of: whether the accounting policies are appropriate to

the Group's and the Parent Company's circumstances and have been consistently

applied and adequately disclosed; the reasonableness of significant accounting

estimates made by the Directors; and the overall presentation of the financial

statements. In addition, we read all the financial and non-financial information in the

Annual Report 2012 to identify material inconsistencies with the audited financial

statements. If we become aware of any apparent material misstatements or

inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion:

-- the financial statements give a true and fair view of the state of the Group's and

of the Parent Company's affairs as at 31 March 2012 and of the Group's profit and

Group's and Parent Company's cash flows for the year then ended;

-- the Group financial statements have been properly prepared in accordance with

IFRSs as adopted by the European Union;

-- the Parent Company financial statements have been properly prepared in

accordance with IFRSs as adopted by the European Union and as applied in

accordance with the provisions of the Companies Act 2006; and

-- the financial statements have been prepared in accordance with the requirements

of the Companies Act 2006 and, as regards the Group financial statements,

Article 4 of the lAS Regulation.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion:

-- the part of the Directors' remuneration report to be audited has been properly

prepared in accordance with the Companies Act 2006; and

-- the information given in the Report of the Directors for the financial year for which

the financial statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following:

Under the Companies Act 2006 we are required to report to you if, in our opinion:

-- adequate accounting records have not been kept by the Parent Company, or

returns adequate for our audit have not been received from branches not visited

by us; or

-- the Parent Company financial statements and the part of the Directors'

remuneration report to be audited are not in agreement with the accounting

records and returns; or

-- certain disclosures of Directors' remuneration specified by law are not made; or

-- we have not received all the information and explanations we require for our audit.

Under the Listing Rules we are required to review:

-- the Directors' statement, set out on p100, in relation to going concern;

-- the parts of the Corporate Governance Statement relating to the Company's

compliance with the nine provisions of the UK Corporate Governance Code

specified for our review; and

-- certain elements of the report to shareholders by the Board on Directors' remuneration.

John Waters (Senior Statutory Auditor)

for and on behalf of PricewaterhouseCoopers LLP

Chartered Accountants and Statutory Auditors

London

15 May 2012

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Phil Higgins

Deputy Company Secretary

0207 024 5219

 

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