Temporary Suspension of Trading

RNS Number : 3699K

Trackwise Designs PLC

20 December 2022

 

20 December 2022

TRACKWISE DESIGNS PLC

("Trackwise", the "Company" or the "Group")

Temporary suspension of trading

Trackwise Designs (AIM: TWD) notes the London Stock Exchange's Market Notice N25/22 (the "Notice") released following the suspension today in trading of the Company's ordinary shares.

The Notice includes the following information:

"London Stock Exchange ("the Exchange") has been monitoring the settlement situation in Trackwise Designs plc (ISIN: GB00BFYT9999) following the Company's recent notifications in relation to the issue of new shares which are conditional on shareholder consent. As a result of the deterioration in settlement performance, the trading of Trackwise Designs plc shares has been temporarily suspended under Rule 1510 of the Rules of the London Stock Exchange. Settlement of outstanding transactions can continue whilst the security is suspended. The Exchange will continue to monitor the settlement situation and when trading is to be restored, the market will be notified by Stock Exchange Notice."

"Rule 5000 (Obligation to settle) and its associated guidance places an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date. This obligation remains even if the reason for non-settlement is a customer or counterparty having failed to settle other transactions in the same security."

The Notice can be viewed at: https://docs.londonstockexchange.com/sites/default/files/documents/n2522.pdf

The timing of restoration of trading in the Company's ordinary shares will be determined by the Exchange.

Enquiries

Trackwise Designs plc	[phone]
Philip Johnston, CEO	www.trackwise.co.uk
Paul Cook, CFO
finnCap Ltd	[phone]
NOMAD and Broker
Ed Frisby/Fergus Sullivan - Corporate Finance Andrew Burdis/Barney Hayward - ECM
Alma PR	[phone]
Financial PR and IR
David Ison/Caroline Forde/Josh Royston/Kieran Breheny

 

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