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Aegean requests for ‘additional time’ to file annual report

02 May 2018

New York-listed international bunker supplier Aegean Marine Petroleum Network (Aegean) is requesting for “additional time” from the U.S. Securities and Exchange Commission to file its annual report.

The company was supposed to file its annual report on Form 20-F for the year ended December 31, 2017 by April 30, 2018 – the prescribed due date for such a filing.

“Additional time is needed for the Registrant to complete its consolidated financial statements and assessment of internal control over financial reporting for the fiscal year ended December 31, 2017,” says Aegean in a filing.

“The Registrant does not expect to file the Annual Report within the 15 calendar days following the prescribed due date, but is using its best efforts to finalize its financial statements and file its Annual Report with the Commission as soon as practicable.”

Manifold Times in April reported Aegean welcoming Pavlos Papageorgiou as the company’s new Chief Financial Officer.

The company recorded net loss of $28.6 million in Q4 2017 due to “significant pressures”.

Related: Aegean welcomes new Chief Financial Officer
Related: Aegean reports ‘significant pressures’ in Q4 2017 results

Photo credit: Aegean Marine Petroleum Network
Published: 2 May, 2018

 

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