The London Stock Exchange has published a temporary change to the AIM rules affecting the publication of half-yearly reports by AIM companies. The change provides companies with a one month extension to the current rule requiring them to publish within three months of the period end.
Companies wishing to take advantage of this extension should notify their intention via a Regulatory Information Service (RIS) announcement and the nominated advisor should separately inform AIM regulation.
The extension has been granted to allow additional time for companies to prepare their half-yearly reports due to the ongoing impact of coronavirus. For many AIM companies their half-yearly report will be an important platform for updating investors on the current state of the business and they should consider how best to enhance their report to be able to do that.
When considering this, companies should reflect on recent reports issued by the Financial Reporting Council and in particular its ‘Five current questions investors seek information on’:
High quality reporting is especially important in difficult times and Crowe are ready to support companies in meeting this challenge. If you have any questions or would like further information please contact Matthew Stallabrass or your usual Crowe contact.