Trackwise Designs PLC Temporary Suspension of Trading (3699K)

TIDMTWD

RNS Number : 3699K

Trackwise Designs PLC

20 December 2022

TRACKWISE DESIGNS PLC

("Trackwise", the "Company" or the "Group")

Temporary suspension of trading

Trackwise Designs (AIM: TWD) notes the London Stock Exchange's Market Notice N25/22 (the "Notice") released following the suspension today in trading of the Company's ordinary shares.

The Notice includes the following information:

"London Stock Exchange ("the Exchange") has been monitoring the settlement situation in Trackwise Designs plc (ISIN: GB00BFYT9999) following the Company's recent notifications in relation to the issue of new shares which are conditional on shareholder consent. As a result of the deterioration in settlement performance, the trading of Trackwise Designs plc shares has been temporarily suspended under Rule 1510 of the Rules of the London Stock Exchange. Settlement of outstanding transactions can continue whilst the security is suspended. The Exchange will continue to monitor the settlement situation and when trading is to be restored, the market will be notified by Stock Exchange Notice."

"Rule 5000 (Obligation to settle) and its associated guidance places an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date. This obligation remains even if the reason for non-settlement is a customer or counterparty having failed to settle other transactions in the same security."

The Notice can be viewed at: https://docs.londonstockexchange.com/sites/default/files/documents/n2522.pdf

The timing of restoration of trading in the Company's ordinary shares will be determined by the Exchange.

Enquiries

 
 Trackwise Designs plc                            +44 (0)1684 299 930 
 Philip Johnston, CEO                             www.trackwise.co.uk 
 Paul Cook, CFO 
 
 finnCap Ltd                                      +44 (0)20 7220 0500 
 NOMAD and Broker 
 Ed Frisby/Fergus Sullivan - Corporate 
  Finance 
  Andrew Burdis/Barney Hayward - ECM 
 
 Alma PR                                          +44 (0)20 3405 0205 
 Financial PR and IR 
 David Ison/Caroline Forde/Josh Royston/Kieran 
  Breheny

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.

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.

END

SRSPPGCGPUPPGAU

(END) Dow Jones Newswires

December 20, 2022 10:19 ET (15:19 GMT)

Trackwise Designs (LSE:TWD)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024