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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Romag | LSE:ROM | London | Ordinary Share | GB0033665729 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMROM
RNS Number : 3358D
Romag Holdings PLC
22 March 2011
Romag Holdings PLC
("Romag" or the "Company")
Update re: Suspension of Trading
Background
On 31 January 2011, the Board of Romag requested the immediate suspension of trading in the Company's shares following the disclosure of a payment into the Company's trading subsidiary, Romag Limited, by the then Chairman, John Kennair MBE.
Subsequent to this announcement, the non-executive directors commissioned an investigation into the transactions undertaken along with an independent review of the Company's accounts, to be conducted by KPMG.
This investigation has indentified the need for accounting adjustments which will require the restatement of the Company's prior year accounts. Accordingly, the Company will be unable to publish its Report and Accounts for the full year ended 30 September 2010 within the six months required under the AIM Rules for Companies and as such will remain suspended until such time as the accounts can be published.
Strategic developments
The Company has been considering with its advisers its strategic options in conjunction with its bank, Lloyds Banking Group ("LBG") and has appointed Deloitte to assist. LBG remain supportive of the business.
Further announcements
The Board will make a further announcement as soon as possible.
Enquiries:
Hot Features
Premium
Romag Holdings PLC Tel: +44 (0) 1207
David Gray, Chairman 500 000
Peter Allan, Deputy Chairman
David Banks, Finance Director
Altium Tel: +44 (0) 845
Adrian Reed 505 4343
Deloitte Tel: +44 (0) 113
Dan Butters 292 1279
Roger Esler Tel: +44 (0) 113
Dan Renton 292 1250
Tel: +44 (0) 113
292 1720
Kreab Gavin Anderson Tel: +44 (0) 20
Ken Cronin 7074 1800
Michael Turner
Natalie Biasin
This information is provided by RNS
The company news service from the London Stock Exchange
END
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