McColl's Retail Group plc Statement re. Suspension (0653K)

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RNS Number : 0653K

McColl's Retail Group plc

03 May 2022

3 May 2022

McColl's Retail Group plc

Update on publication of the annual report and accounts

Further to the announcement on 25 April, the Company confirms it will not be in a position to publish its Annual Report for the year ended 28 November 2021 ("FY21 Results") by the end of May 2022, as originally intended. The delay reflects the need for a conclusion to discussions with key stakeholders around a potential financing solution for the business, in order to finalise the Company's FY21 audited financial statements. As these discussions remain ongoing, the Board has concluded there is now insufficient time in order to meet the current deadline for filing these results under the Listing Rules.

As the end of May is the latest time permitted for publication of the FY21 Results under the Financial Conduct Authority's (the "FCA") Disclosure Guidance and Transparency Rules and the FCA's Listing Rules, the Company is expecting, following consultation with the FCA in due course, to request that the listing of the Company's ordinary shares of 1 pence each be temporarily suspended with effect from 7:30am on 1(st) June 2022.

Further announcements will be made as and when appropriate.

Enquiries

 
 Analyst & Investors:    Tej Randhawa, McColl's      [phone] 
 Media:                  Ed Young, Headland          [phone] 
                          Rob Walker, Headland        [e-mail] 
                          Charlie Twigg, Headland 
 

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of over 1,100 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse

Regulation (EU) No 596/2014

LEI: 213800R1TLR536P8YJ67

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May 03, 2022 02:28 ET (06:28 GMT)