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Errata Corrigendum – Approval of audited financial statements for the financial year ended 31 December 2023
Reference is made to company announcement TMF29 (published on 15 April, 2024), wherein TUM Finance p.l.c. (the “Company”) published its results for the financial year ended 31 December 2023 which were approved by the Board of Directors of the Company earlier that day.
In view of the finding referred to in the paragraph below, which was brought to the attention of the Board of Directors of the Company on the date hereof, the Company hereby substitutes the audited financial statements for the financial year ended 31 December 2023 linked to company announcement TMF29 with the audited financial statements uploaded pursuant to the present announcement. Accordingly, the audited financial statements linked to company announcement TMF29 are to be disregarded. The Company wishes to highlight that the finding in question does not affect the profit registered by the Company and its subsidiaries (together, the “Tum Finance Group”) during the year under review as previously reported in the audited financial statements being substituted as aforesaid.
With respect to the “Explanation of variance in terms of Capital Markets Rule 5.16.24” set out in the said company announcement TMF29,
Read the official announcement here.
with reference to the factors to which the variance highlighted therein in respect of the Tum Finance Group is attributablethe Company wishes to clarify that the reference to “higher total revenues as a result of the sale of the 50% shareholding interest that the Group held in Develeco Malta Limited (C90603), a property-owning company” ought to be substituted by a reference to “higher total revenues as a result of the sale of 50% of the ownership rights which the Group held in a hotel owned by Develeco Malta Limited (C90603).”
The remainder of the said “Explanation of variance in terms of Capital Markets Rule 5.16.24”, including the extent of the positive variance of 39.17% reported therein as well as the other factors to which such variance is attributable, remain unchanged. Also, the explanation of the variance relative to the Guarantor remains unchanged.
Any inconvenience caused is regretted.