Seriously, an ASX company should not be allowed to release an announcement like they have. It's deceiving in my opinion. If you rerally want to know what they have just released and why it means nothing click on the link and read below. Take note of the dates.
From 1 January 2021, the UKCA mark will start to replace the CE mark for goods sold within Great Britain. The CE mark will continue to be required for goods sold in Northern Ireland. Units already in the supply chain at the time the new rules come into effect can continue to be sold under the old rules.
Currently, CE marked medical devices with a valid CE marking can be placed on the Great Britain market until 30 June 2023. A valid CE marking is a CE marking that enables the medical device to be placed on the EU market.
When was the UKCA mark introduced?
1 January 2021 and effective since 2020. The predecessor is CE marking, mandatory since 1 January 2021. Looks to me that RHY forgot that the UK (England, Scotland, Wales and Northern Ireland) were no longer part of the European Union. Why did they say this in the 2022 Annual Report??????? (p.6)
Hence they put out this announcement to make it look like they are advancing overseas. It's really a joke on shareholders.
What is the UK equivalent to CE certification?
The UKCA marking is the product marking used for products being placed on the market in Great Britain (England, Scotland and Wales). The UKCA marking applies to most products for which the CE marking could be used.
RHY Price at posting:
72.0¢ Sentiment: Sell Disclosure: Not Held
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