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Cake Box Holdings (CBOX)

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Monday 24 January, 2022

Cake Box Holdings

Response to share price movement

RNS Number : 4223Z
Cake Box Holdings PLC
24 January 2022
 

Cake Box Holdings plc

("Cake Box" or the "Company" or the "Group") 

Response to share price movement

Cake Box notes the movement in its share price this morning and also notes recent commentary from a retail investor blogger.

The Company acknowledges some transcription errors between its 2021 Full Year Results announcement published on 30 June 2021 (the "Results Announcement") and the 2021 Annual Report and Accounts (the "Annual Report"). It also notes inconsistencies in prior period inventory reporting and comparative period disclosures relating to director interests in franchise stores. Where such discrepancies exist between the Annual Report and the Results Announcement, investors should refer to the Results Announcement. 

The errors noted have no impact on the Group's reported profits, cash flows or balance sheet and the Company received a clean audit opinion for the year.

As previously announced and as we continue to grow the business, a key priority for the Board remains underpinning growth with the appropriate level of experience and expertise for the Group's central functions, internal controls and processes. BDO has also been appointed to assist with implementing improved internal audit practices.

The Board confirms that, since the Company updated the market with its half year results in November, trading in H2 has continued strongly and in line with expectations for the full year.

  For further information, please contact:

Cake Box Holdings plc

Sukh Chamdal, CEO

Pardip Dass, CFO

 

+44 (0) 20 8050 2026

Shore Capital

Stephane Auton

Patrick Castle

 

+44 (0) 20 7408 4090

MHP Communications

Oliver Hughes

Simon Hockridge

Pete Lambie

 

+44 (0) 20 3128 8789

 

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