Mobile Streams plc Audit Update (8635X)
December 23 2019 - 7:03AM
UK Regulatory
TIDMMOS
RNS Number : 8635X
Mobile Streams plc
23 December 2019
23 December 2019
Mobile Streams plc
("MOS" or "the Company")
Audit update
The Company wishes to provide an update on the progress of the
audit and the expected date of audited results for the year to 30
June 2019.
Following the Board changes announced on 26 November, the Board
is undertaking a thorough review of all aspects of the Company, and
in conjunction with our new auditor PKF Littlejohn is working to
prepare the audited results for the year to 30 June 2019.
Unfortunately, due to lack of preparation by previous management
prior to the General Meeting on 26 November, this process is taking
longer than anticipated and therefore the audited results for the
year to 30 June 2019 ("Results") will not be published by 31
December 2019 as required by AIM Rule 19.
If therefore the Results are not published by then, the shares
will be suspended from trading on AIM until publication of the
results, which is expected to be in the second half of January
2020.
Nigel Burton, Chairman, commented "The Board is disappointed not
to be able to publish the results in a timely manner, and although
the accounts are not yet complete, for the avoidance of doubt no
issues have arisen during the review of the Company or the
preparation of the accounts which would raise any concerns about
the financial status of the business as a going concern. Our CFO is
working diligently with the Board and auditors to ensure that the
accounts are completed and published as soon as possible in the New
Year."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:
Mobile Streams plc
Nigel Burton, Chairman +44 77 8523 4447
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
Tel: +44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Eran Zucker +44 (0) 20 7469 0930
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END
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