NASDAQ FIRST NORTH,
TICKER: HRC
ISIN: GB00BZ3CDY20
30 December 2021
The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014.
The Board of Directors of
The resulting reduction of the shareholding in the associate companies will simplify the reporting requirement in accordance with the International Financial Reporting Standards (IFRS), as the investment in associated undertakings (being less than 20% of the equity in each) will now be accounted for at cost. The divestment will not have any material impact on the Company’s operating business and earnings.
The Company continues to provide Restaurant Management services to the associate companies through the existing Restaurant Management Agreements and is hopeful that the continued improvement in business sentiment arising from the effective containment of Covid-19 pandemic will increase its opportunities for better revenues and earnings.
THE DIRECTORS OF HRC WORLD PLC ACCEPT RESPONSIBILITY FOR THIS ANNOUNCEMENT
About
Further information may be found at the Company’s website: www.hrcplc.co.uk
Company contact details
+603 7786 0500
info@hrcplc.co.uk
Certified Adviser
info@keswickglobal.com
+43 1 740 408045
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