Financial Conduct Authority Update
Cirata plc has been notified by the Financial Conduct Authority that its investigation into the company, which concerned potential material misstatements in financial position from May 2021 to March 2023, has been closed with no action taken. This announcement marks the closure of a significant chapter for the company, which has been undergoing a turnaround under new management, focusing on a new cost structure, the release of its Cirata Symphony Data Orchestration Platform, and growth initiatives.
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Cirata plc (LSE: CRTA) has been notified by the Financial Conduct Authority that its investigation into the Company has been closed and no action will be taken against the Company. The investigation was first announced to the market on 20 April 2023 and concerned the period 1 May 2021 to 9 March 2023 and whether certain regulatory announcements released by the Company may have materially mis-stated the Company's financial position.
Stephen Kelly CEO Commented:
The new management team tasked with rescuing the company from the brink after the dark days of March 2023, have worked tirelessly to build a company that the UK tech sector can be proud of. As we close out the year, we continue to make progress- with a new cost structure, the release of Cirata Symphony -a new Data Orchestration Platform- and a laser focus on growth. The announcement today heralds one sad chapter closed and a new chapter beginning.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.