MJH Mj Hudson Group Plc

TIDMMJH

RNS Number : 3500J

MJ Hudson Group PLC

12 December 2022

12 December 2022

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

Company update and suspension of trading

On 17 October 2022, the Company announced that it was engaged in discussions with its auditors regarding significant potential adjustments in relation to the year-end reporting for FY 2022. This work continues but the Board has become aware of additional issues, including in relation to the reporting of historical trading of the business in relation to FY 2022, the full impact of which is unclear. Pending clarification of these matters, the Group has applied to suspend trading of the Company's ordinary shares on AIM, which will be effective before 08.00 a.m. today.

The Company also announces that Peter Connell, who stood down as a Director of the Company on 31 October, has been suspended. The Board has appointed an external accounting and financial services firm to assist them in achieving the necessary clarity to enable the year end FY 2022 reporting to be completed.

The Board no longer believes that the Company's audit will be complete before the end of December 2022.

The Company will provide an update in due course.

This announcement contains inside information

For further information, please contact:

 
 MJ Hudson Group plc 
  Geoff Miller, Executive Chairman 
  Matthew Hudson, CEO                        +44 20 3463 3200 
 Cenkos Securities plc (Nomad and Broker) 
  Giles Balleny 
  Stephen Keys 
  Callum Davidson                            +44 20 7397 8900 
 
 
 Buchanan (PR Adviser) 
  Chris Lane 
  Jack Devoy 
  George Cleary           +44 20 7466 5000 
 

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December 12, 2022 02:45 ET (07:45 GMT)

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