A LISTED packaging material and office supplies group has told the stock exchange that it is moving towards finalising its accounts, as press reports today commented on the issue.
DS Smith is continuing the process of finalising its accounts following its acquisition of SCA Packaging. The accounts finalisation is part of a "standard method" of determining the value of SCA's assets and liabilities on completion of the purchase.
Earlier this month, the board received anonymous allegations about the accounts preparation, at which point it chose Allen and Overy, as well as forensic specialists from Alix Partners, to investigate. The allegations were found to be without substance and did not warrant further investigation.
Its share price fell 3p in this morning's trading, to 211.5p, valuing the company at £1.96bn.
For more companies and markets data, visit the Share Price Centre
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
0930, 26 Aug 2014
Accountancy Age expands on last year's successful masterclasses with new series of courses
1900, 25 Nov 2014
We have reinvigorated the awards with the introduction of service line categories for Top 50 firms as placed in the Accountancy Age Top 50 survey
Send to a friend