REG - Cake Box Holdings - Update on Full Year Results

Cake Box HoldingsAnnouncement

20/06/2022 07:00

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RNS Number : 3873P  Cake Box Holdings PLC  20 June 2022

20 June 2022

 

Cake Box Holdings plc

("Cake Box", the "Company" or, including its subsidiaries, the "Group")

Update on Full Year Results

 

Cake Box, the specialist retailer of fresh cream cakes, will announce its full
year results for the 52 weeks ended 31 March 2022 on Monday, 27 June 2022.

 

As previously announced, the Group expects to report annual results in line
with market expectations.

 

A presentation for analysts and investors will be held via conference call on
the day. For further details please contact MHP Communications at
cakebox@mhpc.com (mailto:cakebox@mhpc.com) .

 

During the end of year audit process, the Board has become aware of an issue
concerning technical compliance with the Companies Act 2006 in relation to
past dividend payments.  Although there were sufficient distributable
reserves and cash held in the Group which could have been distributed,
dividends were declared at a time when the Group's holding company itself,
Cake Box Holdings plc, did not hold adequate distributable reserves by
reference to its last set of annual accounts.  The Group's historic reported
trading results and financial condition are entirely unaffected.

 

The Board proposes to put resolutions to Shareholders at the time of the 2022
annual general meeting to address this past issue.

 

 

 

 

 

 

For further information, please contact:

 

 Cake Box Holdings plc  Enquiries via MHP

 Sukh Chamdal, CEO      Communications

 David Forth, CFO

 Shore Capital          +44 (0) 20 7408 4090

 Stephane Auton

 Patrick Castle

 MHP Communications     +44 (0) 20 3128 8570

 Simon Hockridge        cakebox@mhpc.com

 Pete Lambie

 

 

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