BME, the operator of systems underpinning the Madrid, Barcelona, Bilbao and Valencia stock exchanges, has announced that listed companies will be given more time to report results because of the effect of Coronavirus in Spain.
Citing the need to adopt extraordinary measures, BME said that periodic information could be delayed for up to six months after the end of the fiscal year.
Its statement read:
"The Board of Directors of Bolsas y Mercados Españoles Sistemas de Negociación, SA, in accordance with the powers envisaged in this regard by the Regulations of MAB, BME's Growth Market, and in observance of the content of Royal Decree-Law 8/2020, of March 17TH, of extraordinary urgent measures to deal with the economic and social impact of COVID-19, agrees, exceptionally and due to the current circumstances, to extend, during the year 2020, the period for submitting the issuing entities´ annual periodic information, as indicated in the Second regulation, section 1, letter b) of Circular 6/2018, on the Information to be supplied by Growth Companies and SOCIMI (REITs) admitted to trading in the MAB market."
"To this end, the issuing entities must submit the Company's periodic information to the Market as soon as possible and in any case no later than six months after the close of the fiscal year."