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Thursday 30 September 2021
Mustang Energy PLC
Interim Results deferral in response to FCA and FRC Guidelines
Mustang Energy ("Mustang" or "the Company") (LSE: MUST) announces that it is utilising the temporary relief measures implemented by the Financial Conduct Authority ("FCA") and the Financial Reporting Council ("FRC") regarding the publication of interim financial results during the COVID-19 pandemic (the "FCA exemption"); thereby deferring the publication of its interim financial results for the period ending 30 June 2021 ("2021 Interim Accounts").
The maximum delay permitted by the FCA exemption is one month; hence, following the deferral, the Company's reporting timetable for the 2021 Interim Accounts means they must be published by no later than 31 October 2021.
Notwithstanding this permitted timeframe, Mustang intends publishing the 2021 Interim Accounts as soon as possible.
Dean Gallegos, the Managing Director of Mustang Energy, said: "We appreciate shareholders patience at this current time. The Company has been in active discussions with the counterparties to the transaction announced on 27 April 2021. In addition, we continue to progress the previously articulated strategy of exploring further investments in the energy storage value chain and renewable energy projects development space and how these might facilitate a relisting of the Company's shares."
The announcement from the FCA and FRC may be viewed here:
https://www.fca.org.uk/news/statements/delaying-annual-company-accounts-coronavirus
ENQUIRIES
For further information, please visit www.mustangplc.com, follow us on Twitter @Mustang_Plc, or contact:
Mustang Energy PLC
Dean Gallegos, Managing Director
+61 416 220 007
The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 11 of The Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310). Upon publication of this announcement, this inside information is now considered to be in the public domain.
Mustang Energy PLC announced on 30 September 2021 the deferral of its interim financial results for the period ending 30 June 2021. This action utilizes temporary relief measures from the Financial Conduct Authority (FCA) and Financial Reporting Council (FRC), which permit a maximum delay of one month. Consequently, the Company's 2021 Interim Accounts are now required to be published by no later than 31 October 2021.
| Date | 30 Sept 2021 |
| Time | 07:00:14 |
| Category | Results |
| ID | 4270N |