REG - MJ Hudson Group PLC - Company update and suspension of trading

MJ HudsonAnnouncement

12/12/2022 07:45

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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                       +44 20 3463 3200

 Geoff Miller, Executive Chairman

 Matthew Hudson, CEO

 Cenkos Securities plc (Nomad and Broker)  +44 20 7397 8900

 Giles Balleny

 Stephen Keys

 Callum Davidson

 

 Buchanan (PR Adviser)  +44 20 7466 5000

 Chris Lane

 Jack Devoy

 George Cleary

 

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