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Northern Electric Temporarily Suspends Share Trading Amid Audit Delays

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Northern Electric Temporarily Suspends Share Trading Amid Audit Delays

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An announcement from Northern Electric ( (GB:NTEA) ) is now available.

Northern Electric PLC has temporarily suspended the listing and trading of its preference shares on the London Stock Exchange due to delays in publishing its Statutory Annual Report and Accounts for the year ending December 2024. This delay is attributed to the transition between external audit firms, impacting the company’s ability to meet the reporting deadline. The company aims to resolve this issue promptly and resume normal trading operations, which is crucial for maintaining investor confidence and ensuring compliance with regulatory requirements.

More about Northern Electric

Northern Electric PLC operates in the energy sector, focusing on the provision of electricity services. The company is involved in the generation, distribution, and supply of electric power, serving a diverse range of customers in the UK market.

YTD Price Performance: 8.79%

Average Trading Volume: 36,187

Technical Sentiment Signal: Sell

Current Market Cap: £145.2M

For detailed information about NTEA stock, go to TipRanks’ Stock Analysis page.

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