Real Good Food PLC Response to Stock Exchange AIM Disciplinary Notice (5319A)
30 Mai 2019 - 8:30AM
UK Regulatory
TIDMRGD
RNS Number : 5319A
Real Good Food PLC
30 May 2019
30 May 2019
Real Good Food plc
("RGF" or "the Company")
Response to Stock Exchange AIM Disciplinary Notice
Real Good Food plc announces that the London Stock Exchange has
determined a public censure of the Company and a fine of
GBP450,000, discounted to GBP300,000 for early settlement. The
public censure relates to breaches of the AIM Rules for Companies
("AIM Rules") 10, 13, 17, 19, 21 and 31 which occurred in the
period to July 2017. The Company will pay the fine on 5 June 2019
from its existing financial resources.
The Company regrets these breaches and fully understands and
accepts the importance of sound corporate governance and complying
with the AIM Rules. It has cooperated fully with the London Stock
Exchange's enquiry and, since the relevant events that led to the
censure, the former Chairman and two other directors have left the
Company.
Announcing its intention in September 2017, the Board has since
undertaken significant remedial action, including enhancing the
Company's procedures, resources and controls, adopting new
corporate governance and implementing new financial processes and
procedures. This has included the appointment of a number of new
board members.
The Exchange Notice is available at:
https://www.londonstockexchange.com/companies-and-advisers/aim-notices/aim-notices.htm
Hugh Cawley, Chief Executive said:
"We are pleased to draw a line under these unfortunate incidents
in the Company's history, for which we have accepted
responsibility. We now have in place fit-for-purpose corporate
governance and are committed to complying with our obligations
under the AIM Rules."
-ENDS-
Enquiries:
Real Good Food plc Tel: 0151 541 3790
Hugh Cawley, Chief Executive
finnCap Limited (Nomad and Broker) Tel: 020 7220 0500
Matt Goode / Carl Holmes / James Thompson (Corporate
Finance)
MHP Communications (Financial PR) Tel: 020 3128 8193
Reg Hoare / Katie Hunt rgf@mhpc.com
About Real Good Food
Real Good Food plc is a diversified food business serving a number
of market sectors including retail, manufacturing, wholesale and
export. The Company now focuses on two markets: Cake Decoration
(Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter
Foods).
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 or visit www.rns.com.
END
RSPPGUBAAUPBGQB
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May 30, 2019 02:30 ET (06:30 GMT)
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