Eros Media World Plc Announces It Will Not Appeal NYSE Delisting
Eros Media World Plc Announces It Will Not Appeal NYSE Delisting
Eros Media World PLC ("Eros Media", "Eros" or the "Company") (NYSE:EMWP), a global Indian media and entertainment company announces that it will not submit any further appeal with the New York Stock Exchange ("NYSE") to review the determination made by the NYSE to commence proceedings to delist the Company's A ordinary shares and suspend trading immediately (the "Staff Determination").
全球印度媒體娛樂公司愛神媒體 World PLC（「愛神媒體」、「愛神」或「公司」）（紐約證券交易所代碼：EMWP）宣布不會向紐約證券交易所（「紐約證券交易所」）提出任何進一步上訴，以審查紐約證券交易所開始撤銷該公司 A 股普通股並暫停交易員（「裁定員工」）的決定。
The Staff Determination was based on the Company's inability to file its annual reports on Form 20-F for the years ending March 31, 2021 and March 31, 2022. In order to file a compliant annual report, the Company would have to include audited financials statements of STX Filmworks, Inc., the Company's accounting predecessor, for the fiscal years ended March 31, 2019 and March 31, 2020. This was not feasible because, among other reasons, (1) STX Filmworks, Inc. is no longer part of the Company; (2) the Company does not have consent to utilize previously disclosed and audited historical financial statements of STX Filmworks, Inc. in the Company's Form 20-F for the transition period ended March 31, 2020; and (3) the Company no longer has access to financial and accounting information of STX Filmworks, Inc. necessary to produce audited historical financial statements for the periods at issue. The Company sought relief from the SEC to omit these historical financial statements from the delayed Form 20-F for the years ending March 31, 2021 and March 31, 2022, but was not able to obtain such relief.
員工的決定是根據公司在截至 2021 年 3 月 31 日和 2022 年 3 月 31 日止的年度內無法在 20-F 表上提交年度報告。為了提交合規的年度報告，公司必須在截至 2019 年 3 月 31 日和 2020 年 3 月 31 日止的會計年度年度內包括該公司的會計前身 STX Filmworks，Inc. 的經審計財務報表。這是不可行的，因為除其他原因外，（1）STX Filmworks，Inc. 不再是公司的一部分；（2）公司未同意在截至 2020 年 3 月 31 日的過渡期內使用 STX Filmworks，Inc. 的歷史財務報表，並且（3）公司不再獲得 STX 審計的必要財務和會計信息。已發行期間的歷史財務報表。該公司向美國證券交易委員會尋求救濟，以省略延遲表格 20-F 表格截至 2021 年 3 月 31 日和 2022 年 3 月 31 日止年度的這些歷史財務報表，但無法獲得此類救濟。
In light of these circumstances, the Company has determined that it will not be able to produce compliant annual reports on Form 20-F for the years ending March 31, 2021 and March 31, 2022, and hence has further determined to accept the Staff Determination without further appeal.
鑑於上述情況，本公司已決定在截至 2021 年 3 月 31 日及 2022 年 3 月 31 日止的年度內，將無法出示 20-F 表的年度報告，因此進一步決定在沒有進一步上訴的情況下接受員工裁定。
Due to challenges in raising capital given the Company's inability to file its annual reports on Form 20-F, the Company is exploring a number of potential strategies, including selected asset sales and strategic business restructuring, in order to raise cash to keep the company operating and to maximize shareholder value.
由於公司無法在 20-F 表上提交年報，因此公司正在研究一些潛在策略，包括精選資產銷售和戰略業務重組，以籌集現金以保持公司運作並最大化股東價值，這些策略包括精選資產銷售和戰略業務重組。
The Company further announced that it has successfully concluded its Annual General Meeting on December 29, 2022 at the registered office of the Company at First Names House, Victoria Road, Douglas, Isle of Man IM2 4DF, British Isles.
該公司進一步宣布，已於 2022 年 12 月 29 日在公司名字大廈的註冊辦事處成功結束了年度股東大會，位於不列顛群島道格拉斯道格拉斯馬恩島 IM2 4DF 的名字大廈註冊辦事處。
譯文內容由第三人軟體翻譯。