REG - Trackwise Designs - Temporary Suspension of Trading

Trackwise DesignsAnnouncement

20/12/2022 15:30

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RNS Number : 3699K  Trackwise Designs PLC  20 December 2022

20 December 2022

 

TRACKWISE DESIGNS PLC

("Trackwise", the "Company" or the "Group")

 

Temporary suspension of trading

 

 

Trackwise Designs (AIM: TWD) notes the London Stock Exchange's Market Notice
N25/22 (the "Notice") released following the suspension today in trading of
the Company's ordinary shares.

 

The Notice includes the following information:

 

"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."

 

"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."

 

The Notice can be viewed at:
https://docs.londonstockexchange.com/sites/default/files/documents/n2522.pdf
(https://docs.londonstockexchange.com/sites/default/files/documents/n2522.pdf)

 

The timing of restoration of trading in the Company's ordinary shares will be
determined by the Exchange.

 

 

 

Enquiries

 

 Trackwise Designs plc                                  +44 (0)1684 299 930
 Philip Johnston, CEO                                   www.trackwise.co.uk (http://www.trackwise.co.uk/)
 Paul Cook, CFO

 finnCap Ltd                                            +44 (0)20 7220 0500
 NOMAD and Broker
 Ed Frisby/Fergus Sullivan - Corporate Finance

 Andrew Burdis/Barney Hayward - ECM

 Alma PR                                                +44 (0)20 3405 0205
 Financial PR and IR
 David Ison/Caroline Forde/Josh Royston/Kieran Breheny

 

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