Trackwise Designs PLC Extension of Reporting Deadline (5480Q)
June 29 2022 - 2:00AM
UK Regulatory
TIDMTWD
RNS Number : 5480Q
Trackwise Designs PLC
29 June 2022
TRACKWISE DESIGNS PLC
("Trackwise" or the "Company")
Extension of Reporting Deadline
Trackwise Designs (AIM: TWD), a leading provider of specialist
products using printed circuit technology, announces that it now
expects to publish its final results for the year ended 31 December
2021, in the second half of July 2022 following completion of the
audit.
Expectations for the FY21 results remain unchanged from the
guidance provided in the Company's FY21 trading update of 28
January 2022.
The delay in publication relates to the cumulative impact of
Covid-19, including related staffing absences, on the accounts
preparation, completion and audit process. The Company has been
granted an extension of up to one month for publication of its
annual audited accounts for the year ended 31 December 2021, in
line with the guidance provided by AIM Regulation in Inside AIM on
27 January 2021.
Enquiries:
Trackwise Designs plc +44(0)16 8429 9930
Philip Johnston, CEO www.trackwise.co.uk
Mark Hodgkins, CFO
finnCap Ltd +44(0)20 7220 0500
NOMAD and Broker
Ed Frisby / Tim Harper - Corporate Finance
Andrew Burdis / Barney Hayward - ECM
Alma PR +44(0)20 3405 0212
Financial PR and IR
David Ison / Josh Royston / Kieran Breheny
Notes to Editors
Trackwise is a UK-based manufacturer of specialist products
using printed circuit technology.
The full suite includes: Improved Harness Technology(TM) ("IHT")
and Advanced PCBs - Microwave and Radio Frequency ("RF"), Short
Flex, Flex Rigid and Rigid Multilayer products.
IHT uses a proprietary, patented process that Trackwise has
developed to manufacture multilayer flexible printed circuits of
unlimited length. While the technology has many applications, the
directors expect that one of its primary uses will be to replace
traditional wire harness in a variety of industries.
The Company manufactures on two sites, located in Tewkesbury and
Stevenage (following the acquisition of Stevenage Circuits Ltd in
April 2020). It serves customers in Europe and North America. The
Company has acquired a third site in Stonehouse Gloucestershire
initially for its EV programme.
Trackwise Designs plc was admitted to trading on AIM in 2018
with the ticker TWD. For additional information please visit
www.trackwise.co.uk
The information contained within this announcement is deemed to
constitute inside information as stipulated under the retained EU
law version of the Market Abuse Regulation (EU) No. 596/2014 (the
"UK MAR") which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. The information is disclosed in accordance
with the Company's obligations under Article 17 of the UK MAR. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
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END
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