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Caracal Gold PLC announced a delay in the publication of its Annual Report and Accounts for the year ended 30 June 2023. The Company is unable to complete its audit within the required timeframe due to a lack of internal resource, difficulty arranging fieldwork with auditors, a reduced number of auditors for Public Interest Entities, and cash constraints. Caracal Gold PLC has since raised further funds and engaged consultants to assist with its reporting obligations.
| Date | 1 Nov 2023 |
| Time | 07:00:09 |
| Category | Miscellaneous |
| ID | 9408R |
Caracal Gold plc
('Caracal' or the 'Company')
Delay to Publication of Annual Report and Accounts
Further to the announcement on 24 October 2023 regarding the Delay to Publication of Annual Report and Accounts, Caracal is clarifying the reason for delay in publication.
The Company has made good progress on the audit for the year ended 30 June 2023. However, due to a lack of internal resource, difficulty in arranging field work with the Company's auditors, the reduced number of auditors willing to undertake work for Public Interest Entities ("PIE") (such as the Company) and the Company's own cash constraints, the Company is unable to complete its audit within the required timeframe. The Company has since raised further funds and taken on further consultants to assist the Company to meet its reporting obligations going forward.
**ENDS**
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Caracal Gold plc Simon Grant Rennick Robbie McCrae |
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VSA Capital Limited Financial Adviser and Broker Andrew Raca (Corporate Finance)
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+44 203 005 5000 |
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DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger |
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