t
McColl's Retail Group plc confirmed it will not publish its Annual Report for the year ended 28 November 2021 by the end of May 2022, citing ongoing discussions with key stakeholders regarding a potential financing solution needed to finalise its audited financial statements and insufficient time to meet the filing deadline. Consequently, the Company expects to request a temporary suspension of its ordinary shares of 1 pence each, effective from 7:30am on 1st June 2022, following consultation with the FCA, as the May deadline for results publication will be missed.
| Date | 3 May 2022 |
| Time | 07:28:09 |
| Category | Corporate updates |
| ID | 0653K |
3 May 2022
McColl's Retail Group plc
Update on publication of the annual report and accounts
Further to the announcement on 25 April, the Company confirms it will not be in a position to publish its Annual Report for the year ended 28 November 2021 ("FY21 Results") by the end of May 2022, as originally intended. The delay reflects the need for a conclusion to discussions with key stakeholders around a potential financing solution for the business, in order to finalise the Company's FY21 audited financial statements. As these discussions remain ongoing, the Board has concluded there is now insufficient time in order to meet the current deadline for filing these results under the Listing Rules.
As the end of May is the latest time permitted for publication of the FY21 Results under the Financial Conduct Authority's (the "FCA") Disclosure Guidance and Transparency Rules and the FCA's Listing Rules, the Company is expecting, following consultation with the FCA in due course, to request that the listing of the Company's ordinary shares of 1 pence each be temporarily suspended with effect from 7:30am on 1st June 2022.
Further announcements will be made as and when appropriate.
Enquiries
|
Analyst & Investors: |
Tej Randhawa, McColl's
|
+44 (0)1277 372916 |
|
Media: |
Ed Young, Headland Rob Walker, Headland Charlie Twigg, Headland |
+44 (0)203 805 4822 |
About McColl's Retail Group
McColl's is a leading neighbourhood retailer, with an estate of over 1,100 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No 596/2014
LEI: 213800R1TLR536P8YJ67