RE: RNS out10 Apr 2026 09:36
It was in the RNS r from 11th Feb and ppp have given no further update yet. 8 weeks is not long in these types of things. Can go on for months/years.
Letter from FCA
As confirmed on the shareholder call on 10th February, the Company has received a further communication, request for information, from the Financial Conduct Authority (FCA) requesting further information relating to the actions of the Company, predominantly dealing with questions from before the current Chairman, CEO and non-executive director of Compliance were in place. Whilst the full contents of the letter are confidential and not appropriate for sharing, I do think the excerpt below should give shareholders comfort. The FCA under this management team can count on full compliance of the Company with the FCA's preliminaty enquiry:
"Please note that this is a voluntary request, and the Company is not under formal investigation by the FCA in relation to the matters set out in this letter. Rather, we are performing a preliminary enquiry to establish whether there is a basis for the FCA to investigate. Once our preliminary enquiry closes or we decide to formally investigate, we will notify the Company."