(Alliance News) - Gaming and lottery company St James House PLC on Tuesday said that it will be unable to publish its results for the year ended January 31, 2020, within the revised deadline of October 31 due to a "combination of the inevitable impact of the Covid-19 pandemic on staff availability and movements and complexities in relation to fair value adjustments of certain assets".
Shares in will be suspended from trading on the AIM market from Monday next week due to the delay in annual report. Shares were down 26% at 31.60 pence each in London on Tuesday morning.
"The annual report will be published as soon as possible, and, notwithstanding the suspension, the company will continue to make announcements as and when there are any developments that require announcement under the AIM rules," St James House said. It currently anticipates the publication of financial 2020 report and the return from the suspension around the end of November.
"The board will also utilise the additional one-month extension, as detailed in the Inside AIM publication issued on June 9, 2020, for publishing its half-yearly report for the six-months to 31 July 2020, which will now be due by November 30, 2020," the company added.
By Tapan Panchal; tapanpanchal@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
