Business
Canadian reporting status and Notice of Results
Canadian reporting status and Notice of Results.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3351H\n Jadestone Energy PLC\n 06 April 2022\n \n \n \n \n Jadestone Energy\n \n \n \n Grant of Application To Cease to be a Reporting Issuer in Canada\n \n \n and\n \n \n Notice of Results\n \n \n \n \n \n 6 April \n \n 2022 - Singapore:\n \n Jadestone Energy plc (\"Jadestone\" or the \"Company\"), an independent oil and gas production company focused on the Asia-Pacific region, announces that the Company's application to the securities regulatory authorities in the Canadian provinces of British Columbia and Alberta to cease to be a Canadian reporting issuer has been granted.\n \n \n \n \n \n The application was originally announced on 3 March 2022, and its grant means that Jadestone is no longer classified as a designated foreign issuer under Canadian securities regulations, and is therefore no longer required to file financial statements and other continuous disclosure documents with the Canadian securities regulatory authorities. \n \n \n \n \n \n Jadestone will continue to comply with all UK regulatory and disclosure requirements.\n \n \n \n \n \n The reporting issuer relief also removes the requirement for Jadestone's statutory auditor, Deloitte Ireland LLP (\"Deloitte\"), to be registered with the Canadian Public Accounting Board (\"CPAB\"). As a result of discussions between the Company and Deloitte over the CPAB registration, as well as the process of obtaining the reporting issuer relief, the Company will report its annual audited results and recommend a final dividend for the year ended 31 December 2021 on or before 6 June 2022, rather than the Company's usual mid-April reporting schedule.\n \n \n \n \n \n The Company's 2021 Annual Report and Notice of AGM will also be issued on or before 6 June 2022, with the Company's 2022 AGM being held in late June 2022. The final dividend in respect of 2021 will be paid shortly after the AGM.\n \n \n \n \n \n Following this one-off departure from the Company's normal reporting schedule, which is solely due to the process of obtaining Canadian reporting relief, and the resultant relief from CPAB registration for its auditor, Jadestone will revert back to its normal reporting schedule including first-half 2022 results in September 2022 and full-year audited 2022 results in April 2023. \n \n \n &nbs...