Last checked at 3 Apr 2023 07:00
3 April 2023
TOMCO ENERGY PLC
("TomCo" or the "Company")
Suspension of trading on AIM pending publication of 2022 Annual Report & Accounts
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides the following update in relation to its Annual Report and Financial Statements for its financial year ended 30 September 2022 (the "2022 Annual Report").
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 31 March 2023. However, the Company's auditors have requested additional time beyond the originally planned timetable to complete their audit. While the audit process has yet to be concluded, the Directors have been advised by their auditors that the audit is substantially complete and that there are no material audit issues causing this delay. Accordingly, the Company is targeting the publication of the 2022 Annual Report as soon as the auditor completes their final processes which is expected to be completed within a short period of time.
Trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. on 3 April 2023 pending publication of the 2022 Annual Report. Suspension from trading will be lifted with the publication of the 2022 Annual Report in due course.
Notwithstanding the temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules.
Enquiries:
TomCo Energy plc
Malcolm Groat (Chairman) / John Potter (CEO) +44 (0)20 3823 3635
Strand Hanson Limited (Nominated Adviser)
James Harris / Matthew Chandler +44 (0)20 7409 3494
Novum Securities Limited (Broker)
Jon Belliss / Colin Rowbury +44 (0)20 7399 9402
IFC Advisory Limited (Financial PR)
Tim Metcalfe / Florence Chandler +44 (0)20 3934 6630
For further information, please visit www.tomcoenergy.com.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulation, 2019.