Temporary Suspension
October 01 2024 - 2:00AM
UK Regulatory
Temporary Suspension
Mothercare PLC (“Mothercare” or the “Company”) has today
requested a temporary suspension of the trading in its shares on
AIM, pending the publication of its audited full year results for
the period to 30 March 2024 (“Audited Results”).
Pursuant to Rule 19 of the AIM Rules for Companies (the "AIM
Rules"), the Company is required to publish its Audited Results by
30 September 2024. The Company is in the final stages of
entering into definitive arrangements to refinance its financing
facilities with its existing lender alongside the monetisation of
certain IP assets, which together would fundamentally recapitalise
Mothercare, reducing the net indebtedness and the ongoing cash
financing costs of the Company. The Company has been preparing its
Audited Results with its auditors, taking into account these
matters. Given recent delays the Company is now targeting the
publication of the 2024 Audited Accounts in the next few weeks
following the conclusion of the audit.
The Company confirms that it expects to report Audited Results
in line with existing guidance set out in the trading statement of
10 May 2024, and the company confirms that the trends outlined in
that statement – including the challenges facing our Middle Eastern
operations – remains broadly unchanged into the new financial
year.
Trading in the Company's ordinary shares on AIM will be
suspended with effect from 7.30 a.m. on 1 October 2024, pending
publication of its Audited Results. Suspension from trading is
expected to be lifted in due course with the publication of the
Audited Results
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