(Finance) – The BoD of Ki Group Holding, resolved to postpone the approval of the draft financial statements and the consolidated financial statements for the 2022 financial year.
The postponement – explains the company in a note – is due to “reasons related to the identification of a professional figure” to whom to confer the role of Euronext Growth Advisor of the company, as required by current legislation as a condition for the negotiation of the share, affecting the going concern assumption.
“Given the impossibility of expressing an opinion on the existence of the assumption of business continuity, envisaged both by civil provisions and by national and international accounting standards, continuity which will only be achieved through the adequate capitalization of the Company through recourse to the debenture loan convertible subscribed with Negma Investment, which execution is not possible due to the current suspension from trading of the Issuer’s share”, the Company’s Board of Directors “deemed it appropriate to postpone the approval of the draft financial statements and the consolidated as at 31 December 2022”, a date that will subsequently be identified by the Board of Directors.