RE: When Does Suspension Actually Start?29 Apr 2025 08:44
I used to follow DX Group PLC (AIM). They had a period of suspension for similar reasons. Audited report was supposed to be published by Jan 2 (publication didn't happen) but shares were only suspended on Jan 4, which was announced 7am on Jan 4.
DX was suspended till mid-October, so 10.5 months. The sp dropped like a stone on suspension lifting (to 22p) but then rose to 47p (way above suspension at 30p) and they were bought out.
'4 Jan 2022 07:00
RNS Number : 2375X
DX (Group) PLC
04 January 2022
AIM: DX.
DX (Group) plc
("DX" or "the Group" or "the Company")
Suspension of trading on AIM pending publication of 2021 Annual Report & Accounts
DX, the provider of delivery solutions, including parcel freight, secure courier and logistics services, provides the following update in relation to its Report & Accounts for the financial year ended 3 July 2021 ("Annual Report").
As detailed in the Company's announcement of 25 November 2021, the Company's Audit & Risk Committee recently raised a corporate governance inquiry relating to an internal investigation, which commenced during the financial year ended 3 July 2021. Whilst the inquiry is progressing steadily, it has yet to be concluded.
As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company was required to publish its audited Annual Report by 2 January 2022. As it was not in a position to do so, trading in the Company's Ordinary Shares on AIM will be suspended with effect from 7.30 a.m. on 4 January 2022 pending publication of the Annual Report.
Suspension from trading will be lifted with the publication of the Annual Report.'