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NETeller: 2006 Audited Financials delayed due to US Investigation |
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Written by Thomas Jensen
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Thursday, 28 June 2007
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 The board of directors of NETeller released the following statement today (June 28th, 2007):
NETELLER Plc (LSE: NLR), the independent global online payments business, announced on 4 June 2007 that it was continuing to cooperate with the investigation being conducted by the United States Attorney’s Office for the Southern District of New York (“USAO”), under the advice of its legal advisers and in accordance with court orders in the Isle of Man, and that it was in discussions with the USAO for the purpose of resolving the investigation. The Company also commented at that time that it had advised the USAO that it would use its best efforts to resolve the investigation no later than 13 July 2007 .
The Company today announces that due to the ongoing investigation by the US authorities, the annual audited accounts for the year ended 31 December 2006 will not be finalised in time to send to shareholders by 30 June 2007. The Company can confirm that the outcome of the investigation is the sole matter delaying the finalisation of the accounts.
Accordingly, the Company will not be able to comply with Rule 19 of the AIM Rules that requires an AIM company to send its accounts to shareholders not later than six months after the end of the financial year to which they relate. Consistent with its advice to the USAO to use its best efforts to resolve the investigation by no later than 13 July 2007, the Company is doing its utmost to finalise and post its audited accounts and to announce its full year results for the period ended 31 December 2006 to the market.
The Company's ordinary shares will continue to be suspended from trading. Further information will be announced as and when it becomes available.
If you have any queries relating to the above, please contact the Company's nominated adviser on 020 7991 8888.
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Last Updated ( Thursday, 28 June 2007 )
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