REG - Zytronic PLC - Further Update re Suspension

ZytronicAnnouncement

28/03/2025 15:00

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RNS Number : 7577C  Zytronic PLC  28 March 2025

28 March 2025

 

Zytronic plc

("Zytronic" or the "Company" and its subsidiaries)

Further Update on Suspension and Publication of FY24 Annual Report &
Accounts

Further to the announcement dated 26 March 2025, the Company re-confirms that
its Annual Report & Accounts to 30 September 2024 ("FY24 AR&A") will
not be published by 31 March 2025 and trading in the Company's shares will
therefore be suspended on 1 April 2025.

Upon the Board's decision to proceed to wind-down the Company (as announced on
26 February 2025), the accounts could no longer be prepared under the
assumption the business would continue as a 'going concern'. It has therefore
taken additional time to prepare and audit the accounts on a non-going concern
basis.

The Company and its advisers are actively working towards the publication of a
shareholder circular, expected to be released during the week commencing 31
March 2025, which will contain further details regarding the proposed
cancellation of the Company's admission to trading on AIM (the "Cancellation")
and the proposed re-registration of the Company as a private limited company.

The Board does not anticipate that publication of the FY24 AR&A will occur
prior to the Cancellation date. Therefore, if the resolutions necessary to
effect the Cancellation are passed, the final date of trading on AIM in
Zytronic shares will be 31 March 2025.

The Board reminds shareholders of the outcome statement produced by FRP
Advisory which was announced by the Company on 26 February 2025.

Enquiries:

 Zytronic plc                                            0191 414 5511

 Christopher Potts, Non-Executive Chairman

 Claire Smith, Chief Executive Officer

 Singer Capital Markets (Nominated Adviser and Broker)   020 7496 3000

 Alex Bond, Samed Ethemi (Investment Banking)

 

Notes to Editors

The Company's trading entity Zytronic Displays Limited ("ZDL") is an
established developer and manufacturer of a range of internationally
award-winning optically transparent interactive touch sensor overlay products
for use with electronic displays in industrial, self-service and public access
equipment.

ZDL has continually developed process and technological know-how and
intellectual property since the late 1990's around two projected capacitance
("PCAP") sensing methodologies; trademarked by it as PCT™ ("Projected
Capacitive Technology") and MPCT™ ("Mutual Projected Capacitive
Technology"), in respect of which 20 internationally granted patents are held.
As part of this the Company has invested in and developed an advanced
electronic PCAP controller, the ZXY500, which incorporates a specialist
Application Specific Integrated Circuit ("ASIC") specified and owned by
Zytronic, and bespoke firmware on the controller processor.

ZDL's PCAP sensing solutions are readily configurable and embedded in a
laminate core which offers significant durability, environmental stability,
and optical enhancement benefits to meet system-specific design requirements.

The Company is headquartered at Blaydon-upon-Tyne in the United Kingdom. ZDL
operates from this site, providing its manufactured products globally through
a number of sales channel partners. ZDL differentiates itself from others in
the touch eco-system as it offers a complete one-stop solution including
processing internally of the form and factor of glass and film substrates, the
assembly of the associated touch overlay products, in environmentally
controlled cleanrooms to customer's specific requirements and the development
of the bespoke firmware, software and electronic hardware which comprise the
controller that links the manufactured touch interactive overlays to a
customer's integrated systems and product.

For more information about ZDL's technologies and products, and the Company
please see www.zytronic.co.uk (https://www.zytronic.co.uk/)

 

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