Art Share 002 (ARTX: BAC1EU) has announced a delay in the publication of its annual report and accounts for the financial year ending December 31, 2025. The company, which holds the iconic artwork "Three Studies for Portrait of George Dyer, 1963" by Francis Bacon, stated that the audit process is nearing completion but requires additional time to finalize.

The Luxembourg-based securitisation undertaking is listed on the ARTEX Global Market. Under the Admission and Operating Rules of ARTEX GM, the company is required to publish its audited results no later than six months from its financial year-end. After consulting with its auditors, Group Audit Luxembourg, Art Share 002 confirmed that the delay does not reflect any material irregularities but rather the time needed to complete the final audit procedures.

What the Numbers Show

While no financial figures were disclosed in this announcement, the delay highlights the procedural timeline for complex asset securitisation structures. The company emphasized that it will continue to make announcements as and when there are developments that require disclosure under ARTEX GM rules.

About Art Share 002 S.A.

Art Share 002 is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg. It operates as a securitisation undertaking (organisme de titrisation) under the Securitisation Law of March 22, 2004. The company’s principal activity is to hold and securitise the artwork, assuming associated risks. Its shares track the economic risk linked to the artwork, financed partly by class B shares issued by the company.

The board of directors managing Art Share 002 includes Mrs Ursula Schmidt, Mr Edouard de Burlet, and Mr Ronan Le Bouc.