Zytronic Provides Update on Suspension and Annual Report Delay
Why we think this is neutral
The RNS announcement provides an update on the suspension of Zytronic's shares and the delay in publishing its FY24 Annual Report & Accounts. It does not contain any specific financial or operational updates that would warrant a more positive or negative sentiment score.
Key Points
- Zytronic plc's FY24 Annual Report & Accounts will not be published by 31 March 2025
- Trading in the company's shares will be suspended on 1 April 2025
- The delay is due to the company's decision to proceed with the wind-down of the business
- A shareholder circular with further details on the proposed cancellation of the company's AIM listing and re-registration as a private limited company is expected in the week commencing 31 March 2025
Summary
Zytronic plc has announced that its Annual Report & Accounts for the year ended 30 September 2024 will not be published by 31 March 2025, and as a result, trading in the company's shares will be suspended on 1 April 2025. The delay is due to the company's decision to proceed with the wind-down of the business, which requires the accounts to be prepared on a non-going concern basis. The company is working towards the publication of a shareholder circular, expected in the week commencing 31 March 2025, which will provide further details on the proposed cancellation of the company's admission to trading on AIM and its re-registration as a private limited company.