EQS-Regulatory: Adoption of Financial Reporting Standard FRS 102

Fairpoint Group plc / Miscellaneous 
Adoption of Financial Reporting Standard FRS 102 
 
01-Feb-2016 / 13:39 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
1 February 2016 
 
Fairpoint Group plc 
 
Adoption of Financial Reporting Standard FRS 102 
 
Fairpoint Group plc ('Fairpoint' or 'the Company' or 'the Group'), one of the UK's leading providers of consumer 
professional services, announces that following the publication of FRS 100 'Application of Financial Reporting 
Requirements' by the Financial Reporting Council, the Company is required to change the accounting framework for its 
Company financial statements and in particular those of its subsidiaries, which currently adopt United Kingdom Generally 
Accepted Accounting Practice (UK GAAP). 
 
Fairpoint Group Plc's consolidated financial statements, which cover the Group as a whole, will continue to be prepared 
in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union. The Group's 
financial statements are unaffected by this adoption going forward and do not require any changes to be made to historic 
reported numbers. 
 
Having taken appropriate professional advice, the Board considers that it is in the best interests of the Group for the 
Company and its subsidiaries to adopt FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of 
Ireland. It is intended that for the year ended 31 December 2015 and for future accounting periods FRS 102 is adopted, 
and the disclosure exemptions permitted under FRS 102 are applied. 
 
The Company's decision to adopt FRS 102 for its parent entity financial statements and those of its subsidiaries does 
not require shareholder approval. However, due to the election to take certain disclosure exemptions permitted under FRS 
102, the Company is required to notify shareholders of this election and any shareholder or shareholders holding in 
aggregate 5 per cent or more of the total allotted shares in the Company may object. Objections must be served in 
writing to the Company Secretary at the Company's registered office (Eversheds House, 70 Great Bridgewater Street, 
Manchester, M1 5ES) no later than 2 March 2016. 
 
Enquiries please contact: 
 
Fairpoint Group plc 
Chris Moat, Chief Executive Officer 0845 296 0100 
John Gittins, Group Finance Director 
 
Shore Capital (Nomad and Joint Broker) 
Pascal Keane 020 7408 4090 
Edward Mansfield 
 
Panmure Gordon & Co (Joint Broker) 
Dominic Morley 020 7866 2500 
Charles Leigh-Pemberton 
 
MHP Communications 
Reg Hoare 020 3128 8100 
Katie Hunt 
 
01-Feb-2016 The EQS Distribution Services include Regulatory Announcements as well as Financial and Media Releases. 
Media archive at www.dgap.de/ukreg 
 
Language:        English 
Company:         Fairpoint Group plc 
                 Fairclough House, Church Street 
                 PR7 4EX Adlington, Lancashire 
                 United Kingdom 
Phone:           [phone] 
Fax:             [phone] 
E-mail:          [e-mail] 
Internet:        www.fairpoint.co.uk 
ISIN:            GB0032360280 
WKN:             911565 
Category Code:   MSC 
TIDM:            FRP 
Sequence Number: 2983 
Time of Receipt: 01-Feb-2016 / 13:39 CET/CEST 
 
End of Announcement EQS News Service 
433669 01-Feb-2016 
 
 

(END) Dow Jones Newswires

February 01, 2016 07:40 ET (12:40 GMT)