Annual Report and Notice of 2012 AGM

RNS Number : 3823C

Severfield-Rowen PLC

30 April 2012

 



Severfield-Rowen Plc

Annual Report and Notice of 2012 Annual General Meeting

Severfield-Rowen Plc (the "Company") announces that it has today published its Annual Report and Accounts 2011 and Notice of Annual General Meeting 2012. Additionally as required under DTR 6.3.5, at the end of this notice full disclosure is made of the Directors' Responsibilities Statement. Together with the Group's Preliminary Results Announcement these comprise the full requirements of DTR 6.3.5.

The information contained in this announcement and in the Preliminary Announcement does not constitute the Group's statutory accounts, but is derived from those statutory accounts.  The statutory accounts for the year ended 31 December 2011 have been approved by the Board and will be delivered to the Registrar of Companies following the Company's Annual General Meeting. The report of the auditors on the financial statements was unqualified, did not draw attention to any matters by way of emphasis without qualifying their report, and did not contain a statement under Section 498 (2) or (3) of the Companies Act 2006 or equivalent preceding legislation.

The documents listed below have been submitted to the UK Listing Authority for publication through the National Storage Mechanism where they will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.  

Documents:

Annual Report and Accounts for the financial year ended 31 December 2011

Notice of Annual General Meeting 2012

The documents are also available by clicking on the following links:

http://www.rns-pdf.londonstockexchange.com/rns/3823C_-2012-4-30.pdf

http://www.rns-pdf.londonstockexchange.com/rns/3823C_1-2012-4-30.pdf

Copies of the Annual Report and Accounts 2011 and Notice of Annual General Meeting 2012 along with related documents are also available on the Company's website at www.sfrplc.com. They will also be posted to shareholders.

The Company's 2012 Annual General Meeting will be held at Solberge Hall Hotel, Newby Wiske, Northallerton, North Yorkshire, DL7 9ER on 13 June 2012 at 12 noon.

Directors' Responsibilities Statement

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors are required to prepare the Group financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union and Article 4 of the IAS Regulation and have elected to prepare the parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing the parent company financial statements, the directors are required to:

·      select suitable accounting policies and then apply them consistently;

·      make judgements and accounting estimates that are reasonable and prudent;

·      state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

·      prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

·      In preparing the Group financial statements, International Accounting Standard 1 requires that directors:

·      properly select and apply accounting policies;

·      present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

·      provide additional disclosures when compliance with the specific requirements in IFRSs are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance; and

·      make an assessment of the Company's ability to continue as a going concern.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Responsibility Statement

We confirm that to the best of our knowledge:

·      the financial statements, prepared in accordance with the relevant financial reporting framework, 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 management report, which is incorporated into the Directors' Report, includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.

By order of the Board

T G Haughey               A D Dunsmore

Chief Executive             Finance Director

30 April 2012

For further information, please contact:

Severfield-Rowen Plc	John Dodds Chairman Tom Haughey Chief Executive Officer Alan Dunsmore Finance Director	01845 577896 01845 577896 01845 577896
Jefferies Hoare Govett	Simon Hardy Harry Nicholas	020 7029 8000 020 7029 8000
Pelham Bell Pottinger	Archie Berens Zoe Sanders Guy Scarborough	020 7861 3112 020 7861 3887 020 7861 3870

 

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