Further re. trading update and results

RNS Number : 6310K

Jaywing PLC

30 August 2019

 

Information contained within this announcement was deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

30 August 2019

Jaywing plc

("Jaywing" or the "Company")

Further re. trading update and results

On 10 July 2019 the Company issued a trading statement advising that trading in the first quarter of the current financial year had been very weak and that the Company expected to publish its preliminary results for the year to 31 March 2019 ("2019 Preliminary Results") before the end of August 2019.    

Trading has improved since the end of June but conditions remain challenging with client activity adversely impacted by the uncertain economic and political outlook.  As a result, the Directors have been in negotiation with the Company's bank and its two major shareholders with a view to strengthening the Company's balance sheet.  These negotiations remain ongoing and constructive.

The Company announces that it now expects to publish its 2019 Preliminary Results by the end of September 2019.

Jaywing plc (www.jaywingplc.com)
Michael Sprot (Company Secretary)

Tel: [phone]

Cenkos Securities plc

Nicholas Wells/Callum Davidson (Nominated Adviser)

Tel: [phone]

 

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