REG - Stock Exch Notice - N25/22 - Trackwise Designs plc – Suspension

Trackwise DesignsAnnouncement

20/12/2022 14:15

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RNS Number : 3582K  London Stock Exchange Notice  20 December 2022

 Market Notice
 20 December 2022

 N25/22 - Trackwise Designs plc - Suspension of trading and settlement
 situation

 

1.      London Stock Exchange ("the Exchange") has been monitoring the
settlement situation in Trackwise Designs plc (ISIN: GB00BFYT9999) following
the Company's recent notifications in relation to the issue of new shares
which are conditional on shareholder consent.  As a result of the
deterioration in settlement performance, the trading of Trackwise Designs plc
shares has been temporarily suspended under Rule 1510 of the Rules of the
London Stock Exchange.  Settlement of outstanding transactions can continue
whilst the security is suspended.  The Exchange will continue to monitor the
settlement situation and when trading is to be restored, the market will be
notified by Stock Exchange Notice.

 

 

2.      Rule 5000 (Obligation to settle) and its associated guidance
places an obligation on member firms to ensure that every on Exchange trade is
duly settled on the agreed settlement date.  This obligation remains even if
the reason for non-settlement is a customer or counterparty having failed to
settle other transactions in the same security.

 

3.      Any queries on this Notice should be addressed to Market
Supervision, Market Regulation, telephone +44 (0)20 7797 3666 (STX 33666)
option 2.

 

 

 

 

Liam Smith

 

Head of Market Supervision

 

This Stock Exchange Notice will be available on the website at
https://www.londonstockexchange.com/resources/london-stock-exchange-notices
(https://www.londonstockexchange.com/resources/london-stock-exchange-notices)

 

Calls to the London Stock Exchange plc may be recorded to enable the London
Stock Exchange to carry out its regulatory responsibilities.

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