RNS19 Aug 2022 15:31
AIM: REVB) the multi-channel mass beauty innovator makes the following update on Group's ongoing audit for the year ended 28 February 2022 ('FY22').
On 11 August 2022 the Company confirmed that it continued to aim for its audited results for the year ended 28 February 2022 to be released by 30 August 2022.
Following further discussions with the Group's auditors, and based on its best estimate of the time required to complete the audit from this point, the Company has now concluded that it does not expect to be able to release audited results for FY22 by 31 August 2022. In the event that the Group's audited FY22 results are not published by 31 August 2022, trading in the Company's shares will be suspended with effect from 1 September 2022 until such time as the audited results are released.
At present there is no further update on the previously disclosed potential issues relating to revenue recognition, stock provisioning or bad debt provisioning.
The Company will provide further updates as appropriate.