IR Release regarding AFR 2019 (Consolidated)


In connection with the decision taken by the Bulgarian Parliament to extend the state of emergency in the country until May 13, 2020 due to the spread of the coronavirus COVID-19, Industrial Holding Bulgaria PLC announces that it intends to disclose its Annual consolidated financial report for 2019, after the period initially provided for in the Law on Public Offering of Securities. The Company will benefit from the extension of the time limits, regulated by the Law on Measures and Actions during the State of Emergency, announced by a decision of the Bulgarian Parliament of March 13, 2020. This decision was taken in order to make a more accurate assessment of the events after the balance sheet date, which should be disclosed in the Annual consolidated financial report of IHB PLC for 2019, with respect to each of the businesses in which the companies in the IHB Group operate. The delay was also provoked by the restrictions imposed by the state of emergency and the measures the Company took for working from a distance, which lead to difficulties in the preparation of the documents.

Industrial Holding Bulgaria AD expects to announce its Annual consolidated financial report for 2019 by the end of May 2020 at the latest.