Animoca Brands Corporation Limited ACN 122 921 813 has been convicted on charges of failing to lodge annual and half-yearly financial reports with ASIC.
The company failed to appear before the Downing Centre Court on 21 June 2022 and was convicted in its absence on five ASIC charges for failing to:
lodge annual financial reports with ASIC for the 2019 to 2021 financial years; and
lodge half-year reports with ASIC between 2020 and 2021.
The company was fined a total of $50,000.
Compliance with financial reporting obligations is important as accurate and timely financial reports provide shareholders, creditors and the public with important information, enabling them to make informed decisions when dealing with these companies.
ASIC will continue to prosecute companies that systemically fail to comply with their financial reporting obligations.
