The Board will have known the effect on the market of such an...

The Board will have known the effect on the market of such an announcement without reasons, and they will be aware that they need to disclose anything which would materially affect this year’s accounts as soon as they become aware of it. So it is more than a fair assumption that the reason is something they do not wish to disclose but is not material to financial performance - if not, then the Board’s performance in this matter needs scrutiny.