REG - Sealand Capital - DELAY IN PUBLISHING AUDITED FINANCIAL STATEMENTS

Sealand Capital GalaxyAnnouncement

02/05/2023 08:00

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RNS Number : 0704Y  Sealand Capital Galaxy Limited  02 May 2023

For immediate release

 

Sealand Capital Galaxy Limited

 

("Sealand" or the "Company")

 

DELAY IN PUBLISHING ITS AUDITED FINANCIAL STATEMENTS

 

Sealand Capital Galaxy Limited (LSE: SCGL) announces that there will be a
delay in the publication of the Company's audited financial statements for the
year ended 31 December 2022 ("FY22").  Further details are outlined below.

 

Delay and suspension

 

The Company is currently working with its auditor, PKF Littlejohn LLP, to
complete the audit of its annual financial statements for FY22 as soon as
possible.

 

The Company operates primarily in Hong Kong and mainland China, and its
preparations have been considerably disrupted by various lockdowns and other
pandemic related consequences in those regions.

 

The Company will accordingly not meet the 30 April 2023 deadline required by
the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency
Rules to publish its annual financial statements for FY22.  As a result, the
Company's shares will be temporarily suspended with immediate effect.

 

The Company will request a restoration of the listing of its shares on
publication of its FY22 audited financial statements.

 

 

-Ends-

 

 Enquiries:

 Sealand Capital Galaxy Limited
 Law Chung Lam Nelson, Executive Chairman  + 44 (0) 753 795 9788

Notes to Editors:

 

The Company's Shares are traded on the Official List of the London Stock
Exchange's main market for listed securities under the ticker SCGL.

 

Further information on Sealand is available on its
website  http://www.scg-ltd.com/ (http://www.scg-ltd.com/)

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