Fairstar Heavy Transport NV: KPMG confirms third new build vessel to be 2011 commitment
(Thomson Reuters ONE) -
Rotterdam, 16 October 2012.
Fairstar Heavy Transport N.V. ("Fairstar") on 19 July 2012 through a press
release notified the market of its commitment regarding a third new build
vessel.
As this commitment originated in 2011 Fairstar subsequently published an
addendum to its 2011 annual accounts on its own website and on the Oslo Stock
Exchange 's newsweb and deposited this with the AFM register. In the Fairstar
shareholder meeting of 29 August 2012, the Chairman notified the shareholders in
Fairstar that the company's auditor KPMG had commenced additional audit work
regarding the 2011 Fairstar annual accounts and that KPMG had advised users
should no longer rely on its audit opinion until its additional audit work had
been completed. The minutes of this meeting were published on the Fairstar
website.
Today, 16 October 2012, Fairstar received a report from KPMG in which KPMG
concludes that KPMG concurs with Fairstar's current view that (i) a commitment
to invest an amount of USD 111 million with respect to the construction of the
Fathom vessel existed as at 31 December 2011; (ii) this commitment should have
been disclosed in the 2011 financial statements; and (iii) due to its
materiality, the investment commitment of USD 111 million should also have been
disclosed in the 2011 management board report of Fairstar.
As the 2011 financial statements have not been adopted by a meeting of
shareholders, a new annual report will now be drawn up by Fairstar, audited and
presented for adoption to the meeting of shareholders and be published on the
company's website and registered with the AFM.
For further information please contact:
Fons van Lith
Email: fons.van.lith(at)dockwise.com
Tel: +31 (0)6 51 314 952 or +31 (0)76 5484116
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK-OS and
on NYSE Euronext Amsterdam under ticker DOCKW-AE. Shares of Dockwise subsidiary
Fairstar Heavy Transport N.V. are listed on the Oslo Stock Exchange under ticker
FAIR-OS
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Press Release (PDF):
http://hugin.info/143837/R/1649570/531916.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Fairstar Heavy Transport NV via Thomson Reuters ONE
[HUG#1649570]
Unternehmensinformation / Kurzprofil:
Datum: 16.10.2012 - 16:07 Uhr
Sprache: Deutsch
News-ID 193010
Anzahl Zeichen: 3060
contact information:
Town:
ROTTERDAM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 153 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Fairstar Heavy Transport NV: KPMG confirms third new build vessel to be 2011 commitment"
steht unter der journalistisch-redaktionellen Verantwortung von
Fairstar Heavy Transport NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
