Carr’s Group shares suspended over delays in publishing annual results

Shares in Cumbrian agricultural and engineering business, Carr’s Group, were suspended this morning.

The move is in relation to delays in publishing its audited results for the year ended September 3, 2022.

As the group announced on November 22, 2022, following a thorough exploration of all options for completing a second audit of Carrs Billington Agriculture (Operations) Limited for auditors, Grant Thornton, to be satisfied that the Financial Reporting Council’s independence requirements would be met, the company and GT concluded that it would not be possible to publish its audited financial statements by January 3, 2023.

The company has now confirmed that it requested, and received confirmation from the FCA (Financial Conduct Authority), that the listing of its ordinary shares of 2.5p each will be temporarily suspended from 7.30 am on January 4, 2023.

The company said it will continue to work closely with GT to ensure the FY22 results are published as soon as possible in January 2023.

It will request a restoration of the listing of its Ordinary Shares on publication of its FY22 results.

The board confirms that the unaudited performance for FY22 was in line with its expectations and ahead of the prior year.