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Trading Suspension Notification

26th Mar 2025 07:00

RNS Number : 1447C
Zytronic PLC
26 March 2025
 

26 March 2025

 

Zytronic plc

 

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

 

Trading Suspension Notification

 

Further to the announcement dated 28 February 2025, the Company confirms that trading in its ordinary shares will be suspended with effect from 1 April 2025, pending publication of the Company's full year Annual Report and Accounts to 30 September 2024 ("FY AR&A").

 

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.

 

To facilitate ongoing shareholder transactions following the proposed Cancellation, and conditional upon the relevant resolution being passed at the forthcoming General Meeting, the Company has appointed Asset Match Limited to provide a Secondary Market Trading Facility. This facility is expected to become available from the effective date of the Cancellation.

 

Asset Match, a firm authorised and regulated by the Financial Conduct Authority (FRN 579310), will operate an electronic, off-market dealing facility for the Company's ordinary shares. This platform will enable existing shareholders and potential new investors to trade the Company's ordinary shares through periodic auction events, by matching buyers and sellers.

 

Further information on the Secondary Market Trading Facility and how shareholders can register their interest will be provided in the forthcoming circular and made available on the Company's website.

 

Enquiries:

Zytronic plc

Christopher Potts, Non-Executive Chairman

Claire Smith, Chief Executive Officer

 

Asset Match Limited

Hannah Woodley, Commercial Director

Ben Weaver, Business Development Director

 

0191 414 5511

 

 

 

020 7248 2788

 

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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