(Alliance News) - Engineering company Tex Holdings PLC on Wednesday said it has prepared contingency plans to continue trading during the current COVID-19 crisis and is responding to the questions raised by the UK Financial Conduct Authority in connection with the company's request to restore its listing.
"A range of scenarios have been considered and the board feel the impact of Covid-19 to currently be manageable," the company said in a short statement.
The company remains on track to publish its 2019 annual results in April.
Tex has been suspended since April 2019 and applied for a restoration in early December.
The company's shares were suspended at its own request while it clarified its financial position. The company also missed the deadline for reporting its 2018 accounts, though it has since been published.
By Tapan Panchal; tapanpanchal@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.