Aug 27 (Reuters) - Peeks Social Ltd PEEK.V :
* PEEKS SOCIAL LTD - INTENDS TO AMEND AND RESTATE ITS INTERIM FINANCIAL STATEMENTS (Q1) FOR THREE MONTHS ENDED MAY 31, 2019
* PEEKS SOCIAL LTD - FOR Q1, COMPANY ACCOUNTED FOR PRIOR ACQUISITION OF PERSONAS.COM (COMPLETED MAY 2018) USING IFRS 10 (MERGER)
* PEEKS SOCIAL LTD - DURING COURSE OF AUDIT FOR YEAR ENDED FEBRUARY 28, CONCLUSION WAS MADE THAT IFRS 3 WAS APPROPRIATE TREATMENT
* PEEKS SOCIAL LTD - COMPANY WILL NEED TO ACCOUNT FOR PURCHASE OF PERSONAS.COM AT FAIR VALUE AT DATE OF ACQUISITION
* PEEKS SOCIAL LTD - MAY NEED TO RECOGNIZE GOODWILL
* PEEKS SOCIAL LTD - A FINAL DETERMINATION WILL BE MADE ONCE AUDIT HAS BEEN COMPLETED.
* PEEKS SOCIAL LTD - RESTATEMENT WILL NOT AFFECT INCOME STATEMENT FOR Q1, FOR FISCAL YEAR ENDED FEBRUARY 29, 2020
* PEEKS SOCIAL - EXPECTS WILL BE IN POSITION TO REFILE Q1 FINANCIAL STATEMENTS IN DUE COURSE FOLLOWING COMPLETION OF AUDIT FOR FISCAL YEAR ENDED FEB 28