Keg Restaurants Ltd. Announces Change in Financial Year-End
VANCOUVER, B.C., Sept. 20, 2018 (GLOBE NEWSWIRE) -- Keg Restaurants Ltd. (the “Company” or “KRL”) advises it is changing its financial year end from the Sunday closest to the end of September in any year to the last Sunday of December, in accordance with the requirements of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”).
The change is being implemented to align the Company’s financial year end with the financial year end of the Company’s parent, Recipe Unlimited Corporation (formerly Cara Operations Limited).
As a result of the change, the Company will have a transitional 15-month financial year ending on December 30, 2018, it being the last Sunday of December 2018. Further details regarding the change in the financial year end, including the Company’s interim reporting periods, will be available in the Company’s Notice of Change of Financial Year-End prepared in accordance with section 4.8 of NI 51-102, which will be filed on SEDAR at .
The change in KRL’s year-end date will not impact the operation of The Keg Royalties Income Fund (“KRIF”) nor its financial reporting obligations or its existing year-end of December 31st.
For further information, please contact:
Neil Maclean, Chief Financial Officer
Email:
About Keg Restaurants Ltd.
Vancouver-based KRL is the leading operator and franchisor of the steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL continues to operate The Keg restaurant system and expand that system through the addition of both corporate and franchised Keg steakhouses. KRL has been named one of the “50 Best Employers in Canada” for the past fifteen years by Aon Hewitt. For more information on our brand, visit .
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