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
Financial Director has launched a new flagship one-day conference for senior finance professionals
Join Financial Director and Concur to discuss how the cloud and mobile is transforming the way companies manage employee expenses
One of the UK's most well-respected bosses talks about retail, governance, reputation, tax, his career - and that of CFOs – in a wide-ranging interview...
Send to a friend