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Further Update re Suspension

28th Mar 2025 14:54

RNS Number : 7577C
Zytronic PLC
28 March 2025
 

28 March 2025

 

Zytronic plc

("Zytronic" or the "Company" and its subsidiaries)

Further Update on Suspension and Publication of FY24 Annual Report & Accounts

Further to the announcement dated 26 March 2025, the Company re-confirms that its Annual Report & Accounts to 30 September 2024 ("FY24 AR&A") will not be published by 31 March 2025 and trading in the Company's shares will therefore be suspended on 1 April 2025.

Upon the Board's decision to proceed to wind-down the Company (as announced on 26 February 2025), the accounts could no longer be prepared under the assumption the business would continue as a 'going concern'. It has therefore taken additional time to prepare and audit the accounts on a non-going concern basis.

The Company and its advisers are actively working towards the publication of a shareholder circular, expected to be released during the week commencing 31 March 2025, which will contain further details regarding the proposed cancellation of the Company's admission to trading on AIM (the "Cancellation") and the proposed re-registration of the Company as a private limited company.

The Board does not anticipate that publication of the FY24 AR&A will occur prior to the Cancellation date. Therefore, if the resolutions necessary to effect the Cancellation are passed, the final date of trading on AIM in Zytronic shares will be 31 March 2025.

The Board reminds shareholders of the outcome statement produced by FRP Advisory which was announced by the Company on 26 February 2025.

Enquiries:

Zytronic plc

Christopher Potts, Non-Executive Chairman

Claire Smith, Chief Executive Officer

 

0191 414 5511

 

 

 

 

 

Singer Capital Markets (Nominated Adviser and Broker)

Alex Bond, Samed Ethemi (Investment Banking)

 

 

020 7496 3000

 

Notes to Editors

The Company's trading entity Zytronic Displays Limited ("ZDL") is an established developer and manufacturer of a range of internationally award-winning optically transparent interactive touch sensor overlay products for use with electronic displays in industrial, self-service and public access equipment.

ZDL has continually developed process and technological know-how and intellectual property since the late 1990's around two projected capacitance ("PCAP") sensing methodologies; trademarked by it as PCT™ ("Projected Capacitive Technology") and MPCT™ ("Mutual Projected Capacitive Technology"), in respect of which 20 internationally granted patents are held. As part of this the Company has invested in and developed an advanced electronic PCAP controller, the ZXY500, which incorporates a specialist Application Specific Integrated Circuit ("ASIC") specified and owned by Zytronic, and bespoke firmware on the controller processor.

ZDL's PCAP sensing solutions are readily configurable and embedded in a laminate core which offers significant durability, environmental stability, and optical enhancement benefits to meet system-specific design requirements.

The Company is headquartered at Blaydon-upon-Tyne in the United Kingdom. ZDL operates from this site, providing its manufactured products globally through a number of sales channel partners. ZDL differentiates itself from others in the touch eco-system as it offers a complete one-stop solution including processing internally of the form and factor of glass and film substrates, the assembly of the associated touch overlay products, in environmentally controlled cleanrooms to customer's specific requirements and the development of the bespoke firmware, software and electronic hardware which comprise the controller that links the manufactured touch interactive overlays to a customer's integrated systems and product.

For more information about ZDL's technologies and products, and the Company please see www.zytronic.co.uk 

 

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