Cake Box Holdings PLC Response to share price movement (4223Z)
January 24 2022 - 9:30AM
UK Regulatory
TIDMCBOX
RNS Number : 4223Z
Cake Box Holdings PLC
24 January 2022
Cake Box Holdings plc
("Cake Box" or the "Company" or the "Group")
Response to share price movement
Cake Box notes the movement in its share price this morning and
also notes recent commentary from a retail investor blogger.
The Company acknowledges some transcription errors between its
2021 Full Year Results announcement published on 30 June 2021 (the
"Results Announcement") and the 2021 Annual Report and Accounts
(the "Annual Report"). It also notes inconsistencies in prior
period inventory reporting and comparative period disclosures
relating to director interests in franchise stores. Where such
discrepancies exist between the Annual Report and the Results
Announcement, investors should refer to the Results
Announcement.
The errors noted have no impact on the Group's reported profits,
cash flows or balance sheet and the Company received a clean audit
opinion for the year.
As previously announced and as we continue to grow the business,
a key priority for the Board remains underpinning growth with the
appropriate level of experience and expertise for the Group's
central functions, internal controls and processes. BDO has also
been appointed to assist with implementing improved internal audit
practices.
The Board confirms that, since the Company updated the market
with its half year results in November, trading in H2 has continued
strongly and in line with expectations for the full year.
For further information, please contact:
Cake Box Holdings plc
Sukh Chamdal, CEO +44 (0) 20 8050
Pardip Dass, CFO 2026
Shore Capital
Stephane Auton +44 (0) 20 7408
Patrick Castle 4090
MHP Communications
Oliver Hughes
Simon Hockridge +44 (0) 20 3128
Pete Lambie 8789
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END
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