25th May 2021 14:22
Umuthi Healthcare Solutions PLC - South Africa-based technology-led healthcare - Shares are restored to trading on the London Main Market on Tuesday after holding talks with the UK Financial Conduct Authority. The stock was suspended from trading by order of the FCA back in March, only a week after Umuthi's initial public offering. The financial services regulator said that Umuthi had published "incorrect information". Umuthi changed auditors, appointing Jeffreys Henry LLP to conduct an audit, which found no changes to be made to the prospectus that Umuthi published in February. Umuthi confirmed its pretax loss for the year ended February 29, 2020 was GBP135,216, narrowed from GBP214,150 in financial 2019. It recorded no revenue in either year.
Current stock price: untraded; IPO price was 30.00p
By Tom Waite; [email protected]
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