Louis plc announces that to its great surprise it was informed about the decision of the CSE Council on the transfer of its titles from the Main Market to the Special Category Market.
Since the report of the external auditors KPMG Ltd for the financial statements for the year ended December 31, 2012 does not include any reservation, a reason for which the decision was taken according to the CSE Council, Louis plc has raised the issue once again to the CSE Council asking for the restoration of its name with a new CSE announcement and the withdrawal/cancellation of the initial decision for the transfer of its titles to the Special Category Market.
The Company expresses its disappointment for the decision that unjustifiably and to readily mistaken assumption affects its reputation and name.
Since the report of the external auditors KPMG Ltd for the financial statements for the year ended December 31, 2012 does not include any reservation, a reason for which the decision was taken according to the CSE Council, Louis plc has raised the issue once again to the CSE Council asking for the restoration of its name with a new CSE announcement and the withdrawal/cancellation of the initial decision for the transfer of its titles to the Special Category Market.
The Company expresses its disappointment for the decision that unjustifiably and to readily mistaken assumption affects its reputation and name.