Umuthi Healthcare Solutions PLC - South Africa-based technology-led healthcare - Shares are suspended from trading on the London Main Market on Thursday, having only been restored to trading last week. No reason was given for the latest trading suspension, other than that it was done by order of the UK Financial Conduct Authority. The stock first had been suspended from trading by the regulator back in March, only a week after Umuthi's initial public offering. The financial services regulator said that Umuthi had published "incorrect information". Umuthi changed auditors, appointing Jeffreys Henry LLP to conduct an audit, which found no changes to be made to the prospectus that Umuthi published in February. Umuthi confirmed its pretax loss for the year ended February 29, 2020 was GBP135,216, narrowed from GBP214,150 in financial 2019. It recorded no revenue in either year. The stock had been restored to trading on Tuesday last week after Umuthi held talks with the FCA.
Current stock price: untraded; IPO price was 30.00p, closing price on Wednesday was 38.00p
By Tom Waite; thomaslwaite@alliancenews.com
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