Company update and suspension of trading

RNS Number : 3500J

MJ Hudson Group PLC

12 December 2022

 

12 December 2022

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

Company update and suspension of trading

On 17 October 2022, the Company announced that it was engaged in discussions with its auditors regarding significant potential adjustments in relation to the year-end reporting for FY 2022. This work continues but the Board has become aware of additional issues, including in relation to the reporting of historical trading of the business in relation to FY 2022, the full impact of which is unclear. Pending clarification of these matters, the Group has applied to suspend trading of the Company's ordinary shares on AIM, which will be effective before 08.00 a.m. today.

The Company also announces that Peter Connell, who stood down as a Director of the Company on 31 October, has been suspended. The Board has appointed an external accounting and financial services firm to assist them in achieving the necessary clarity to enable the year end FY 2022 reporting to be completed.

The Board no longer believes that the Company's audit will be complete before the end of December 2022.

The Company will provide an update in due course.

This announcement contains inside information

For further information, please contact:

MJ Hudson Group plc Geoff Miller, Executive Chairman Matthew Hudson, CEO	[phone]
Cenkos Securities plc (Nomad and Broker) Giles Balleny Stephen Keys Callum Davidson	[phone]

Buchanan (PR Adviser) Chris Lane Jack Devoy George Cleary

[phone]

 

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