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FCA Complaint
I have contacted the FCA and made an official complaint about Spreadex Ltd.
I control 0.16% of ZOE shares and like all shareholders here, we could be at a disadvantage if any notifiable shareholder disregards the FCA’s Handbook.
Buysellfredmfc, you are correct, the TR1 does not explain the 4 million share sale yesterday. What would you have to say if in 10 days Spreadex Ltd issue another TR1 to say they have sold a little more?
I will Post when I have a response from the FCA. Their normal response time is three days but the last time I heard the following day.
RKB
Good evening Craigy2205, there is nothing to be concerned about in my opinion.
I have been in a suspended share before (AIM Italian Company) where they were a little late, but they managed it a week later.
I have emailed Investor Relations “Buchanan” to let them know that I have made an official complaint to the FCA.
It is my understanding that nobody before me have ever contacted the FCA about a late TR1 and they struggled as to who should deal with it.
I did previously ask the FCA what sanctions if any they would impose on “an offender” but due to confidentiality they are not at liberty as to what sanctions they could or would impose (but I know a few financial journalists and they could possibly follow-up) Recently I have used Subject Access Requests and Freedom of Information Requests (both valuable tools)
RKB
PS Billyboy2fromiii sorry I addressed Buysellfredmfc when it should have been you. See below as I think you are incorrect with an additional three months.
PPS Gallini, are you able to say where you obtained the two-month extension? I have seen there is, I believe a 3-month extension, for AIM companies on top of the permitted six months to file accounts but it is my understanding we are only allowed 4 months but if this is incorrect, I apologise. Hopefully our Investor Relations company can clarify when we must produce our Annual Results.
RKB,
I applaud you for your complaint. It happens all the time (not just ZOE but lots of others). About time the FCA did their job when rules are broken. Let us know your reply please. Well done.
Storm in a tea cup, can’t even believe suspension was mentioned!
The day we are suspended will be the day a global brand collecting company has come in and paid many billions for us.
Until then.
Just Chill.
i thought a company has nine months from their end to file their annual accounts?
Apologies should have been this;
Unless you are filing your company’s first accounts, the time normally allowed for delivering accounts to Companies House is:
9 months from the accounting reference date, for a private company
6 months from the accounting reference date, for a public company
Gol,
I believe the accounting reference date is the end of the month in which the Co was first incorporated.
BB2
If you go onto Companies House it should tell you anything you need to know
Due to covid an automatic extension is granted
Information for Zoetic International PLC from.
Companies House…
Company Number 09309241
Incorporated on 13th November 2014.
Next accounts made up to 31st March 2021 due by 30th September 2021.
So from that, it appears the due date is actually 30th Sept 21 which is 6 month after the end of the account period end date of 31st March 21.
BB2
The Stock Exchange listing agreement for companies on the big board is more demanding than Companies House - 4 months from year end date. But with the 2 month Covid extension that means the same deadline this year, 30 September.
Cranleigh,
Yes, I think you have nailed it.
Link provided.
https://www.iasplus.com/en-gb/resources/other-regulatory/market-rules/listing-rules
Within that link there is a further link regarding the current COVID extension rules.
So results normally due within 4 months of end of account year end (31st March) so normally by 31st July but due to COVID extended last year and this year by up to two months (30th Sept).
BB2.
Accounts Filing
A UK PLC must file its financial statements within 6 months of its year-end or face substantial penalties. A UK PLC must file its audited financial statements.