Trinidad Cement Limited has requested an extension of seven days on the forty five day time under Rule 407 for the submission of its Quarterly Financial Statements to the Exchange.
The extension is being requested in relation to Trinidad Cement Limited (TCL) Quarterly Financial Statements for the period ended September 30, 2007. Finalization of TCL’s accounts is awaiting a pending decision of the Government of Venezuela on a matter concerning one of its subsidiary Companies. This transaction occurred during the period under review and is likely to have a material positive impact on the results being published.
The TCL Board is of the view that publication without accounting for this transaction would lead to a distorted perspective on the Group’s performance being given to the informed existing or prospective shareholder. The Group, for good order, publishes the results of its three (3) listed Companies simultaneously.
Therefore, Trinidad Cement Limited has advised that the Company will be late in submitting its 3rd quarter financial statements; publication will be by November 22nd, 2007.
