WANdisco seeks restart to share trading on 25 July

Sheffield data firm WANdisco is to request the suspension in its share trading be lifted on 25 July, subject to approval at a company general meeting on 24 July.

The firm, which announced a successful equity fundraise of $30m (£24m) earlier this week, said it expects to publish its FY22 annual report in coming days.

An investigation concluded in June that millions of pounds worth of false purchase orders made by one of the firm’s senior sales employee at WANdisco had supposedly come from eight different companies. Trading in its shares has been suspended since discrepancies in its sales figures came to light in March.

The matter saw the resignation of chief executive and co-founder David Richards, and chief finance officer Erik Miller.

Interim chief executive Stephen Kelly described 2022 as a “wasted year” when as the firm reported unaudited full-year figures showing an adjusted EBITDA loss of $30.3m (£24m).