AND ordinary shares to be transferred to trading group JG as per article 6.9 of the Euronext Rule Book 1
AND International Publishers N.V. (Euronext: AND) announced today that it has received notice from Euronext that its ordinary shares will be transferred to trading group JG, a special securities segment which manages listing measures.
This listing measure was taken pursuant to article 6.9 of the Euronext Rule Book 1 due to the lack of an external auditors report within the 2019 consolidated annual report published on 24 April 2020. The listing measure will be effective from 4 June 2020.
AND has communicated to the market on multiple occasions that, in spite of extensive efforts, it has been unable to find a PIE/OOB-licensed auditor for the audit of its 2019 Consolidated Financial Statements. See press release dated 5 March 2020, the publication of the agenda to the General Meeting of Shareholders (topic 7a) published on 7 April 2020 and the 2019 Consolidated Annual Accounts page 42 published on 24 April 2020.
For accounting year 2020, AND will do its utmost to secure a PIE/OOB-licensed auditor. The company is however subject to the ability and willingness of the PIE/OOB licensed auditors to provide their services for a reasonable fee.