REG - TheWorks.co.uk PLC - Further change to date of FY23 preliminary results

Works co ukAnnouncement

27/07/2023 14:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230727:nRSa4618Ha&default-theme=true

RNS Number : 4618H  TheWorks.co.uk PLC  27 July 2023

27 July 2023

TheWorks.co.uk plc

("The Works", the "Company" or the "Group")

Further change to date of FY23 preliminary results announcement

The Works, the family-friendly value retailer of arts and crafts, stationery,
toys, and books today issues a further update regarding the timing of the
publication of its preliminary results for the 52 weeks ended 30 April 2023
(FY23).

The Group's auditor, KPMG LLP, has requested a further extension to the
deadline to complete its audit procedures. The Board is disappointed by this
additional delay which KPMG LLP has stated is necessary to allow time for the
completion of standard audit processes including internal review and
documentation. The remaining work relates to store impairment charges, which
are non-cash items reviewed annually as part of the audit process, and which
the Group treats as Adjusting. Consequently, this work will not impact the pre
IFRS 16 Adjusted EBITDA, which is expected to be £9.0 million as previously
stated.

The Group's results will be announced on Wednesday 30 August 2023, delayed
from the previously announced date of Wednesday 2 August 2023.

 

 Enquiries:

 TheWorks.co.uk plc             via Sanctuary Counsel

 Gavin Peck        CEO

 Steve Alldridge  CFO

 Sanctuary Counsel

 Ben Ullmann                    0207 340 0395           theworks@sanctuarycounsel.com (mailto:theworks@sanctuarycounsel.com)

 Rachel Miller

 Kitty Ryder

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPPUBWMUPWGWM