Global Auto-Trade Group PLC
Global Auto-Trade Group Plc to deliver 2013 audited statements by June 16th
Global Auto-Trade Group PLC / Key word(s): Final Results Press Release Global Auto-Trade Group Plc “GATG” or “the Company” June 6, 2014 Global Auto-Trade Group Plc. today announced that they are diligently working with their auditors to complete the Dec 31st 2013 year end audit as required by GXG Markets. “We will have the audited 2013 annual financials delivered and published on June 16th” said Igor Popa, CEO of Global Auto-Trade Group PLC, “Together with our long term auditors Baker Tilly, we are completing an in-depth inventory and asset valuation process, the volume of which has caused the current delay. But we think it’s in the best interest of our investors for us to deliver this very high level of transparency and audit quality on our business, as it will strengthen shareholder trust and help the further implementation of our fund raising campaign.” In response to the current situation, management has put an escalation procedure in place to make absolutely certain that regulatory timelines are met in the future. The Company apologizes for any inconvenience caused by this delay and the subsequent suspension of the stock from trading. Management has been reassured by GXG Markets, that the trading will be reinstated immediately upon delivery of the audit, and hence expects that trading will reconvene at the date of audit delivery. ABOUT GATG Global Auto Group PLC is a holding company comprised of two companies with a trade and servicing centre and a retail network of 9 stores across Moldova and is the only Moldovan company to provide end-to-end services from supplying, testing and servicing specialised construction, agricultural, passenger and heavy goods vehicles, auto components and accessories through to modification and CKD assembly of specialised machinery. With approx. 25% market share in 2012 Global Auto – Trade Group PLC is one of the market leaders in the Moldovan automotive sector. FURTHER ENQUIRIES: Global Auto-trade Group PLC The Directors of the Company accept responsibility for this announcement.
End of Corporate News 06.06.2014 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Global Auto-Trade Group PLC | |
1 Sokoleni St | ||
MD-2020 Chisinau | ||
Moldova | ||
Phone: | +380 44 22 99 338 | |
E-mail: | ir@globalautotg.com | |
Internet: | www.globalautotg.com | |
ISIN: | IM00B6R6T382 | |
Listed: | Foreign Exchange(s) GXG | |
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