Business
Delay of results pursuant to request of FCA
Delay of results pursuant to request of FCA.
About this update from Integrated Diagnostics Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 1215H\n Integrated Diagnostics Holdings PLC\n 23 March 2020\n \n \n \n \n Integrated Diagnostics Holdings Plc delay of results pursuant to request of FCA\n \n \n \n \n \n 23 March 2020\n \n \n \n \n \n (London)\n - \n Integrated Diagnostics Holdings (\"IDH,\" \"the Group,\" or \"the Company\"), IDHC on the London Stock Exchange, a leading consumer healthcare company with operations in Egypt, Jordan, Sudan and Nigeria, will delay the publication of its results for the year ended 31 December 2019. The results were previously scheduled to be released on Thursday, 26 March 2020 at 7am GMT.\n \n \n Against the backdrop of the unprecedented covid-19 pandemic, the Board of Directors, on the recommendation of the UK Financial Conduct Authority (FCA), has decided to delay the publication of the Company's FY2019 results. The Company will provide a Notice of Results once the FCA has made clear its guidance on a release date. \n \n \n FCA \n \n announced\n \n on 21 March 2020 on its website that it \"\n strongly requests all listed companies observe a moratorium on the publication of preliminary financial statements for at least two weeks.\"\n \n \n In respect of current events, IDH's management notes the following:\n \n \n \n Our first priority is the safety of our customers and our staff: \n \n IDH has taken a number of actions to protect all our staff and the millions of customers they serve. We continue to deliver refresher training on the control of infectious diseases to all of our staff, including procedures on how to interact with any customer or patient who might show symptoms of covid-19. In addition, we have performed a deep cleaning of all branches and our headquarters and we have stepped up regular cleaning procedures across our branches. \n \n \n \n No disruption to operations: \n \n Egypt is the Group's largest and fastest-growing market, having accounted for 85.5% of unaudited revenues in 9M2019 (the last period for which results have been disclosed). Egypt has reported a total of 294 cases as of 21 March 2020 and has imposed measures designed to curb and slow the spread of the virus that causes covid-19 including: closing all schools and houses of worship, closing non-essential businesses from 7pm-6am, and suspending international flights for a two-week period through 31 March 2...