REG - Webis Holdings PLC - Re Final Results

Webis HoldingsAnnouncement

26/07/2024 07:00

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RNS Number : 9234X  Webis Holdings PLC  26 July 2024

 FOR IMMEDIATE RELEASE:

Webis Holdings plc

(the "Company")

 

In the Interim statement, I commented that I remained optimistic that trading
would improve in line with expectations, especially as we continued with the
roll out of our new Business-to-Customer ("B2C") marketing strategy.

 

The Company is in the process of preparing its Accounts for the year ended 31
May 2024, but has to report that this anticipated improvement in B2C did not
happen, exacerbated by unprecedented race meeting cancellations throughout the
US due to weather disruption, with the result that it is currently anticipated
that losses in the second half of the year will be broadly commensurate with
those in the first half.

 

Further details of trading and future strategy will be provided when the
Accounts are finalised and announced.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

 

 

For further information:

 Webis Holdings plc         Tel:  01624 639396
 Denham Eke                 Tel:  020 7628 3396

 Beaumont Cornish Limited
 Roland Cornish/James Biddle

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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