HeiQ PLC - London-based materials innovation and hygiene technology company - Expects shares to resume trading shortly after publication of accounts for the year ended December 31, 2022, and for the six months to June 30, 2023. Intends to defer revenue originally recognised in the first and second halves of 2022 from certain milestone partnership agreements. Deems it appropriate to recognise such revenues over a longer time period to coincide with specific exclusivity rights being granted by HeiQ to the partners. Consequently, revenue of $4.0 million has been deferred over four years with initial revenue being recognised in the second half of 2022. Company now expects revenue, gross profit and loss from operations for 2022 to be below previous market guidance. Some changes will also have impacted the first half of 2023. Stresses this change does not impact on the company’s cash position.

Current stock price: suspended at 19.28 pence

12-month change: down sharply from 7,100p

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