26 Jun 2018 14:24
The People's Operator plc
("TPO", the "Company" or the "Group")
Update re: Final Results
The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that the Directors now believe that the Company will not be able to publish its annual audited accounts for the year ended 31 December 2017 ("FY17") by 30 June 2018.
This delay is because the Company remains in discussion with Barclays, its sole secured creditor, regarding the use of proceeds from the recent disposal of the Company's US business, whilst also urgently continuing to seek bridge funding to cover the period to receipt of such proceeds.
Until these discussions are concluded and resolved, the Company's auditor is unable to sign off on the Company's FY17 accounts.
In accordance with AIM Rule 19, trading in the Company's shares is expected to be suspended from 7.30 a.m. on 2 July 2018 until such time as the FY17 accounts are published.
Further announcements will be made in due course.
For further details, please contact:
The People's Operator plc Nick Dashwood Brown, Head of Investor Relations
| 07710 511259 |
finnCap Ltd Stuart Andrews / Simon Hicks
| 020 7220 0500 |
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.