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Response to Stock Exchange AIM Disciplinary Notice

30 May 2019 07:30

RNS Number : 5319A
Real Good Food PLC
30 May 2019
 

30 May 2019

Real Good Food plc

("RGF" or "the Company")

Response to Stock Exchange AIM Disciplinary Notice

 

Real Good Food plc announces that the London Stock Exchange has determined a public censure of the Company and a fine of £450,000, discounted to £300,000 for early settlement. The public censure relates to breaches of the AIM Rules for Companies ("AIM Rules") 10, 13, 17, 19, 21 and 31 which occurred in the period to July 2017. The Company will pay the fine on 5 June 2019 from its existing financial resources.

 

The Company regrets these breaches and fully understands and accepts the importance of sound corporate governance and complying with the AIM Rules. It has cooperated fully with the London Stock Exchange's enquiry and, since the relevant events that led to the censure, the former Chairman and two other directors have left the Company. 

 

Announcing its intention in September 2017, the Board has since undertaken significant remedial action, including enhancing the Company's procedures, resources and controls, adopting new corporate governance and implementing new financial processes and procedures. This has included the appointment of a number of new board members.

 

The Exchange Notice is available at:

 

https://www.londonstockexchange.com/companies-and-advisers/aim-notices/aim-notices.htm

 

Hugh Cawley, Chief Executive said:

"We are pleased to draw a line under these unfortunate incidents in the Company's history, for which we have accepted responsibility. We now have in place fit-for-purpose corporate governance and are committed to complying with our obligations under the AIM Rules."

 

-ENDS- 

Enquiries:

Real Good Food plc

Hugh Cawley, Chief Executive

Tel: 0151 541 3790

 

 

 

 

 

finnCap Limited (Nomad and Broker)

Matt Goode / Carl Holmes / James Thompson (Corporate Finance)

Tel: 020 7220 0500

 

 

 

 

MHP Communications (Financial PR) 

Reg Hoare / Katie Hunt

Tel: 020 3128 8193

rgf@mhpc.com

 

 

About Real Good Food

Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale and export. The Company now focuses on two markets: Cake Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter Foods).

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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6th Apr 20237:00 amRNSAdditional Funding and Trading Update
21st Dec 20223:09 pmRNSDirectorate Change
16th Dec 20227:00 amRNSHalf-year Report
25th Nov 20221:35 pmRNSDirectorate Change
21st Nov 20227:00 amRNSAdditional Funding
27th Oct 20224:31 pmRNSResult of AGM
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3rd Oct 20227:00 amRNSFinal Results
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30th May 20221:15 pmRNSProperty sale and Change of Registered Office
21st Apr 20227:00 amRNSDirectorate Change
20th Apr 20227:00 amRNSYear End Trading Update
8th Mar 20225:24 pmRNSHolding(s) in Company
14th Feb 20227:00 amRNSTrading Update
9th Dec 20212:06 pmRNSSecond Price Monitoring Extn
9th Dec 20212:00 pmRNSPrice Monitoring Extension
9th Dec 202111:57 amRNSReplacement: Half Year Results
9th Dec 20217:00 amRNSReal Good Food plc - Half Year Results
26th Oct 20214:41 pmRNSSecond Price Monitoring Extn
26th Oct 20214:36 pmRNSPrice Monitoring Extension
20th Oct 20213:00 pmRNSResult of AGM
20th Oct 20217:00 amRNSAGM Statement and Trading Update
15th Oct 20217:00 amRNSHolding(s) in Company
8th Oct 202112:40 pmRNSHolding(s) in Company
8th Oct 202111:06 amRNSSecond Price Monitoring Extn
8th Oct 202111:00 amRNSPrice Monitoring Extension
6th Oct 20219:00 amRNSAIM Rule 17 and Schedule 2(g) Disclosure
27th Sep 20217:00 amRNSNotice of AGM and Proposed Delisting from AIM
21st Sep 20217:00 amRNSFinal Results
17th Sep 20217:00 amRNSExtension to Funding Agreements
25th Aug 20217:00 amRNSNotice of Results
28th May 20217:00 amRNSLoan Note Waiver
10th May 20216:15 pmRNSResult of General Meeting
22nd Apr 202111:54 amRNSDisposal, Notice of GM and Trading Update
21st Apr 20214:21 pmRNSHolding(s) in Company
7th Apr 20219:00 amRNSHolding(s) in Company
26th Jan 20217:00 amRNSHalf year results
13th Jan 20211:30 pmRNSResult of General Meeting

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