Change of Accounting Reference Date

RNS Number : 6441C

Pantheon International PLC

18 April 2017

 

18 April 2017

PANTHEON INTERNATIONAL PLC

("PIP" or the "Company")

Change of Accounting Reference Date

The Company announces a change to its accounting reference date from 30 June to 31 May with immediate effect. As a result of this change, the time between the valuation date (31 March), upon which the analysis of the Company's portfolio is based, and the publication of those results will be reduced. The quicker publication will enable the Company to provide more up-to-date information on its underlying portfolio.

Therefore, PIP's next financial reporting event will be audited results for the 11-month period from 1 July 2016 to 31 May 2017, which the Board intends to publish by 30 August 2017. It is expected that the Company's Annual General Meeting will be held in November as in previous years.

Thereafter, the Company will revert to a normal annual reporting calendar based on a 31 May year end.

PIP will continue to publish its unaudited Net Asset Value as usual in its monthly performance updates.

The Board does not foresee any material financial implications for the Company as a result of the change in accounting reference date, nor is there any other matter of significance that needs to be brought to the attention of the Company's shareholders in this regard.

Commenting, Sir Laurie Magnus, Chairman, said:

"PIP is changing its year end in order to align its annual audit process more closely with its experience of the timing of release of valuations of its investments by general partners across the private equity sector. Bringing forward its year end date by one month to 31 May will enable PIP's annual report to be circulated to shareholders more quickly with this information."

Enquiries:

Andrew Lebus or Vicki Bradley

Pantheon

[phone]

 

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