De La Rue delays full-year results by a month

9th May 2023 08:47

(Sharecast News) - De La Rue updated the market on the timing of its results for the year ended 25 March on Tuesday, confirming they would be delayed until late June.

The London-listed banknote and security printing specialist said in a trading update on 12 April that it was in discussion with its lending banks in a bid to amend its banking covenants.

"In addition, and as noted in the chair recruitment update on 2 May, we are progressing candidates through the final stage of our engagement process," the board said in its statement on Tuesday.

"Given these activities, the release of our 2023 financial year results will be deferred from the previously-announced date of 31 May, to 29 June."

At 0821 BST, shares in De La Rue were down 0.83% at 42.31p.

Reporting by Josh White for Sharecast.com.