AI assistant
Flow Traders N.V. — Delisting Announcement 2018
Jun 20, 2018
3843_bfr_2018-06-20_3cee4c30-ff1a-46d6-b36c-dbd4d78f7b37.html
Delisting Announcement
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
RNS Number : 0551S
Flowgroup plc
20 June 2018
Flowgroup plc
("Flow" or the "Company")
Accounts update
Flowgroup plc (AIM: FLOW), provides an update on the publication of its audited results for the year ended 31 December 2017. Following the Company's completion of the sale of Flow Energy Limited on 1 May 2018, the Company has been in discussions with its creditors regarding the settlement of sums owed. It should be noted that no return is expected to shareholders in any future scenario, consistent with the Company's previous announcements.
Whilst the Company has progressed with its audit, it will not complete the audit by 30 June 2018 and publish its annual audited accounts by that date. As a result, the Company's shares will be suspended from trading on AIM from 2 July 2018. If agreements with creditors is achieved, the Company expects to publish its annual results and would request that the suspension to trading be lifted at that time.
Further to its previous announcement on 30 April 2018, the Company reminds shareholders that it became an AIM Rule 15 cash shell following completion of the sale of Flow Energy on 1 May 2018 and, therefore, has until 1 November 2018 to undertake a reverse takeover to maintain its listing on AIM, if applicable.
MAR
The information contained within the announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
Enquiries:
| Flowgroup plc | www.flowgroup.uk.com | |
| Alan Lovell, Chairman | Tel: +44 (0)20 3817 3637 | |
| Nigel Canham, Chief Financial Officer | ||
| Cenkos Securities plc (NOMAD and Broker) | Tel: +44 (0)20 7397 8900 | |
| Stephen Keys/Mark Connelly/Callum Davidson (Corporate Finance) | ||
| Walbrook PR Ltd (Media Relations) | Tel: +44 (0)20 7933 8780 or [email protected] | |
| Paul McManus | Mob: +44 (0)7980 541 893 | |
| Nick Rome | Mob: +44 (0)7748 325 236 | |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
END
UPDEAKKEAEXPEFF