Delayed final results and temporary suspension

MetalNRG PLC

28 April 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

28 April 2023 

  MetalNRG plc

                                                       ("MetalNRG" or the "Company")

Delayed publication of audited results for the year ended 31 December 2022 and temporary suspension of listing of the Company's shares

Following the Company's announcement on 5 April 2023 in which MetalNRG announced the appointment of RPG Crouch Chapman LLP as new auditor, we now inform the market that due to the restricted time from RPG Crouch Chapman's appointment to the deadline of 30 April 2023 to file year end accounts for the year ended 31 December 2022, the new auditor has had insufficient time to complete the audit of the Company.

Accordingly, there will be a delay in publishing audited results for 2022 and, as a result, the Company is making a request pursuant to the Listing Rules for a temporary suspension of the listing of the Company's shares with effect from 07:30 Tuesday 2 May 2023.

The change of auditor came about as a result of audit firms having to be registered under the new FRC PIE auditor regulation, with that registration process proving too cumbersome for our previous auditor, which informed the Company in late February that it would be unable to carry out the audit for the December 2022 year end. While every effort was made by the Company to appoint a new auditor as quickly as possible it took longer than expected as there are a limited number of registered auditors available.

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Contact details:

MetalNRG plc Rolf Gerritsen Christopher Latilla-Campbell	[phone]
Corporate Broker PETERHOUSE CAPITAL LIMITED Lucy Williams/Duncan Vasey	[phone]
Corporate Broker SI CAPITAL LIMITED Nick Emerson	[phone]

 

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