(Alliance News) - UK-listed companies that had their shares suspended on Friday as they missed the June 30 annual results deadline.
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Argos Resources Ltd - Falkland-Islands based oil and gas exploration company focused on the North Falkland Basin - Delay is due to ongoing discussions with auditors to gauge the basis on which its annual audited accounts should be prepared. "As a result of the company's extended discussions regarding its funding position...the company will not be in a position to publish its 2021 financial statements by the deadline of June 30, 2022," it explained on June 24.
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BiON PLC - Kuala Lumpur-based renewable energy services - On June 29 said it is unable to meet the deadline.
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Pennpetro Energy PLC - London-based oil producer focused on Gonzales oil field in Texas - Said it still needs to finalise reporting requirements. Aims to conclude this by July 8.
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Ross Group - London-based supply chain management and distribution company - On June 29 said its auditors need sufficient time to complete their audit reviews and that further announcements will be made when appropriate.
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Ukrproduct Group Ltd - Jersey-based dairy foods and beverages producer and distributor in Ukraine - Friday said it was unable to meet the deadline due to the ongoing war in Ukraine. Said 10 out of 24 regions in the country "have experienced heavy military damage and overall, these ten regions supply 42% of raw milk in Ukraine." Posted a trading update on Friday, swinging to a net profit of GBP300,000 in 2021 from a net loss of GBP1.2 million in 2020. Says Russian blockade of Ukrainian sea ports increase pressure on remaining export routes. Makes provisions for distributors engaged in military activities who cannot pay in time.
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Windar Photonics PLC - Copenhagen, Denmark-based light detection and ranging optimisation systems developer - On June 29 said it is "not in a position" to publish 2021 results by deadline. Aims to release them as soon as possible. Windar expects 2021 revenue to fall 50% compared to 2020, for which it reported a revenue of EUR1.3 million in June last year. This is primarily due to project delays in China, the firm explained.
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By Tom Budszus; tombudszus@alliancenews.com
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Windar Photo (WPHO)
Ross Grp. (RGP)
Ukrproduct (UKR)
Pennpetro Energy (PPP)