GYG PLC Extension for Publication of Accounts & AGM update (2988R)
29 Juni 2020 - 8:00AM
UK Regulatory
TIDMGYG
RNS Number : 2988R
GYG PLC
29 June 2020
29 June 2020
GYG plc
("GYG" or the "Group")
Extension of deadline for publication of audited accounts for
the year to 31 December 2019
and
2020 Annual General Meeting - change of venue
GYG (AIM: GYG), the market leading superyacht painting, supply
and maintenance company, provides the following update on the
publication of audited accounts for the year to 31 December
2019.
Following consultation with its auditors, the Group has
concluded that due to the impact of the COVID-19 pandemic and new
guidance issued by the FRC in April 2020, it will require more time
to complete the audit process in respect of its accounts for the
year ended 31 December 2019 (the "2019 Accounts").
Therefore, with the consent of both AIM Regulation and Companies
House, the announcement of the Group's Final Results and
publication of the 2019 Accounts will be delayed beyond the normal
reporting deadline of 30 June 2020. However, the Company expects to
publish and file the 2019 Accounts no later than 31 July and will
provide an update to the reporting date as and when
appropriate.
As announced previously this year, the Directors remain
confident that the Group's trading performance for 2020 and its
historic performance for 2019 are both in line with market
expectations.
In light of the social distancing measures and other
restrictions currently in place to limit the impact and spread of
COVID-19, the Board has determined that it is not practical to hold
the Company's 2020 Annual General Meeting (the "AGM") at the
previously notified venue. The AGM will still proceed on the
notified date of 30 June 2020 but, pursuant to the Company's
Articles of Association, the Board has determined that it will
instead be held at Innovation House, 39 Mark Road, Hemel Hempstead,
HP2 7DN. The Board has also determined that, as envisaged in the
notice of Annual General Meeting published on 5 June 2020 (the
"Notice"), the AGM will be held as a closed meeting and
shareholders will not be able to attend in person. All other
details relating to the AGM remain unchanged from those included in
the Notice.
For further information:
GYG plc via FTI Consulting
Remy Millott, Chief Executive Tel: +44 (0) 20 3727 1000
Officer
Kevin McNair, Chief Financial
Officer
Zeus Capital Limited (NOMAD Tel: +44 (0) 20 3829 5000
& Broker)
John Goold, Dominic King
Dan Bate, Nick Cowles, Ben
Burnett
FTI Consulting (Financial PR) Tel: +44 (0) 20 3727 1000
Alex Beagley
Fiona Walker
Rafaella de Freitas
Notes to Editors:
GYG is the market leading superyacht painting, supply and
maintenance company, offering services globally through operations
in the Mediterranean, Northern Europe and the United States. The
Company's brands include Pinmar, Pinmar Yacht Supply, and
Technocraft. GYG's operations can be divided into three key sales
channels:
-- Refit: repainting and finishing of superyachts, normally as
part of a refit programme. Revenues also include scaffolding,
containment and the removal and repair of fittings
-- New Build: fairing and painting of new vessels as part of the build process
-- Supply: the sale and delivery of maintenance materials,
consumables, spare parts and equipment primarily to superyachts and
trade customers
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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