REG - Cake Box Holdings - Response to share price movement

Cake Box HoldingsAnnouncement

24/01/2022 14:35

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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  +44 (0) 20 8050 2026

 Sukh Chamdal, CEO

 Pardip Dass, CFO

 Shore Capital          +44 (0) 20 7408 4090

 Stephane Auton

 Patrick Castle

 MHP Communications     +44 (0) 20 3128 8789

 Oliver Hughes

 Simon Hockridge

 Pete Lambie

 

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