Adoption of Financial Reporting Standard (FRS)101

7th March 2015

Pro Global Insurance Solutions plc

Adoption of Financial Reporting Standard (FRS) 101 - Reduced Disclosure Framework 

Following the publication of FRS 100 Application of Financial Reporting Requirements by the Financial Reporting Council, Pro Global Insurance Solutions plc (the "Company") is required to change its accounting framework for its entity financial statements for the financial year ended 31 December 2015. The Board considers that it is in the best interest of the Company to adopt FRS 101 Reduced Disclosure Framework. No disclosures in the current UK GAAP financial statements would be omitted on adoption of FRS 101. The Group consolidated accounts will continue to be prepared using IFRS.

A shareholder or shareholders may serve objections to the use of the disclosure exemptions on Pro Global Insurance Solutions plc, in writing, to its registered office (88 Leadenhall Street, London EC3A 3BP) or by email to the Company Secretary at [email protected] no later than 14 March 2016.

Enquiries: