REG - McColl's Retail Grp - Statement re. Suspension

Mccoll'S RetailAnnouncement

03/05/2022 07:30

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RNS Number : 0653K  McColl's Retail Group plc  03 May 2022

3 May 2022

McColl's Retail Group plc

 

Update on publication of the annual report and accounts

 

Further to the announcement on 25 April, the Company confirms it will not be
in a position to publish its Annual Report for the year ended 28 November 2021
("FY21 Results") by the end of May 2022, as originally intended. The delay
reflects the need for a conclusion to discussions with key stakeholders around
a potential financing solution for the business, in order to finalise the
Company's FY21 audited financial statements. As these discussions remain
ongoing, the Board has concluded there is now insufficient time in order to
meet the current deadline for filing these results under the Listing Rules.

 

As the end of May is the latest time permitted for publication of the FY21
Results under the Financial Conduct Authority's (the "FCA") Disclosure
Guidance and Transparency Rules and the FCA's Listing Rules, the Company is
expecting, following consultation with the FCA in due course, to request that
the listing of the Company's ordinary shares of 1 pence each be temporarily
suspended with effect from 7:30am on 1(st) June 2022.

 

Further announcements will be made as and when appropriate.

 

Enquiries

 

 Analyst & Investors:      Tej Randhawa, McColl's    +44 (0)1277 372916

 Media:                    Ed Young, Headland        +44 (0)203 805 4822

                           Rob Walker, Headland      mccolls@headlandconsultancy.com

                           Charlie Twigg, Headland

 

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of over 1,100
managed convenience stores and newsagents. We operate McColl's and Morrisons
Daily branded convenience stores as well as newsagents branded Martin's across
the UK, except in Scotland where we operate under our heritage brand, RS
McColl.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse

Regulation (EU) No 596/2014

 

LEI: 213800R1TLR536P8YJ67

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