Utilitywise plc Final results timing update (5059W)
15 November 2017 - 6:00PM
UK Regulatory
TIDMUTW
RNS Number : 5059W
Utilitywise plc
15 November 2017
15 November 2017
Utilitywise plc
("Utilitywise" or the "Group")
Final results timing update
Utilitywise, the leading independent utility cost management
consultancy, announces an update to the timing of the announcement
of its full year results for the year ended 31 July 2017.
On 12 October 2017, the Group announced that further additional
work was being carried out in respect of its year-end results and
that it expected to announce those results on 21 November 2017.
As part of its audit procedures, the Group's external auditor,
BDO LLP, has now requested that the Group obtains additional advice
from an independent accounting firm in respect of the Group's
estimation methodology for expected consumption levels on live
contracts. As a result of this request, the Board has now appointed
a third-party accounting firm to carry out that additional review.
It is anticipated that the additional review will conclude in early
December 2017.
Accordingly, the Group's year-end external audit process will
not be completed before 21 November 2017 and, therefore, the
year-end results will not be announced on that date.
A further update will be given, regarding a revised announcement
date for the year-end results, once the independent review has been
completed.
For further information
Utilitywise plc 0330 303 0233
Brendan Flattery (CEO)
Richard Laker (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Henrik Persson (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton / Steve Pearce
Redleaf Communications 020 7382 4747
Robin Tozer / Elisabeth Cowell
Utilitywise is a leading independent utility cost management
consultancy, which has established trading relationships with a
number of major UK and European energy suppliers and provides
services to its customers designed to assist them in achieving
better value out of their energy contracts, reduced energy
consumption and lower carbon footprint.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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