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BRIEF-Performance Sports announces delay in filing annual report

Published 2016-08-15, 07:25 a/m
© Reuters.  BRIEF-Performance Sports announces delay in filing annual report
PSGLQ
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Aug 15 (Reuters) - Performance Sports Group PSG.TO

* Announces delay in annual report on form 10-K

* Initiated discussions with lenders to address this issue

* Audit committee has retained independent counsel, Richards Kibbe & Orbe LLP

* Failure to file annual report on form 10-K on time is expected to result in a default under company's credit facilities

* Delay due to audit committee's decision to conduct investigation in connection with finalization of company's financial statements Source text for Eikon: Further company coverage: PSG.TO

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