NOT PRICE SENSITIVE
REL: 0830 HRS Rakon Limited
GENERAL: RAK: Rakon (RAK) Date of FY2020 Results Announcement
20 May 2020
Rakon(RAK) Date of FY2020 Results Announcement
Rakon Limited ('Rakon') will announce its results for the year ended 31 March
2020 on 25 June 2020. Following the results announcement a briefing for
investors and analysts from the Chief Executive and Chief Financial Officer
will be held via teleconference from 11.00 am on 25 June 2020.
Details for dialling in to the teleconference will be advised nearer the time
of the results announcement.
COVID-19 Class Waiver
On 19 March 2020, in response to the COVID-19 situation, NZX Regulation
granted a class waiver under which the timing requirements for the release of
results announcements and annual reports were extended for issuers with
certain balance dates, if those issuers consider they require that additional
time to meet these periodic reporting requirements.
Under the class waiver, issuers have up to an additional 30 days to prepare
and release results announcements and up to an additional two months to
prepare and release annual reports.
Rakon has considered the impact of COVID-19 and has determined that
additional time is required to meet its periodic reporting requirements.
Rakon will therefore be relying on the class waiver outlined above in
relation to its full year results announcement and the release of its annual
report for the year ended 31 March 2020.
Rakon currently expects to release its annual report and annual review via
MAP on 2 July 2020.
Chief Financial Officer
+64 9 571 9225
Rakon is a global high technology company and a world leader in its field.
The company designs and manufactures advanced frequency control and timing
solutions. Its three core markets are Telecommunications, Global Positioning
and Space and Defence. Rakon products are found at the forefront of
communications where speed and reliability are paramount. The company's
products create extremely accurate electric signals which are used to
generate radio waves and synchronise time in the most demanding communication
applications. Rakon has three manufacturing plants, and has six research and
development centres. Customer support personnel are located in fifteen
offices worldwide. Rakon is proud of its New Zealand heritage; it was founded
in Auckland in 1967. It is a public company listed on the New Zealand stock
exchange, NZX, ticker code RAK.
End CA:00353352 For:RAK Type:GENERAL Time:2020-05-20 08:30:52