TheWorks.co.uk PLC Further change to date of FY23 preliminary results (4618H)
27 Julio 2023 - 8:40AM
UK Regulatory
TIDMWRKS
RNS Number : 4618H
TheWorks.co.uk PLC
27 July 2023
27 July 2023
TheWorks.co.uk plc
("The Works", the "Company" or the "Group")
Further change to date of FY23 preliminary results
announcement
The Works, the family-friendly value retailer of arts and
crafts, stationery, toys, and books today issues a further update
regarding the timing of the publication of its preliminary results
for the 52 weeks ended 30 April 2023 (FY23).
The Group's auditor, KPMG LLP, has requested a further extension
to the deadline to complete its audit procedures. The Board is
disappointed by this additional delay which KPMG LLP has stated is
necessary to allow time for the completion of standard audit
processes including internal review and documentation. The
remaining work relates to store impairment charges, which are
non-cash items reviewed annually as part of the audit process, and
which the Group treats as Adjusting. Consequently, this work will
not impact the pre IFRS 16 Adjusted EBITDA, which is expected to be
GBP9.0 million as previously stated.
The Group's results will be announced on Wednesday 30 August
2023, delayed from the previously announced date of Wednesday 2
August 2023.
Enquiries:
TheWorks.co.uk via Sanctuary Counsel
plc
Gavin Peck CEO
Steve Alldridge
CFO
Sanctuary Counsel
Ben Ullmann 0207 340 0395 theworks@sanctuarycounsel.com
Rachel Miller
Kitty Ryder
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END
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July 27, 2023 09:40 ET (13:40 GMT)
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