29 Apr 2019 07:00
29 April 2019
RDL Realisation Plc (the "Company")
TEMPORARY SUSPENSION OF LISTING
The Board of RDL Realisation PLC has agreed with Deloitte LLP, the Company's auditor, that the Company will not be in a position to publish its annual audited accounts for the year ended 31 December 2018 by close of business on 30 April 2019. The Company is working together with Deloitte LLP to finalise the audit and expects that the audited accounts will be published on 10 May 2019, but no later than 17 May 2019.
Accordingly, the Board has requested that the Company's ordinary shares be temporarily suspended from the Official List and from trading on the London Stock Exchange with immediate effect pending publication of the audited accounts, following which the Company will request the suspension be lifted.
This unforeseen delay is among other things due to additional testing required by our auditors following the impairment of the Company's exposure to the Vehicle Services Contract platform, announced on 12 April 2019.
The delay to the publication of the Company's full year accounts, and the resultant trading suspension, is frustrating and disappointing for all connected with the Company. The Board are committed to improving our reporting now that the transition away from Ranger Alternative Management II, LP is completed.
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.
The person responsible for making this announcement is Link Company Matters Limited, Company Secretary.
For further information, please contact:
Link Company Matters Limited Secretary | +44 (0)1392 477500 |
LEI: 549300VGZSKYQ7C2U221