This morning (9 May) the struggling security printer said that the timetable for announcing preliminary results for the year ending 25 March would be put back by almost a month, from 31 May to the new date of 29 June.

The PLC stated: “As noted at the time of our trading update on 12 April 2023, the group is currently in discussion with its lending banks in relation to seeking an amendment to its banking covenants.

“In addition, and as noted in the chair recruitment update on 2 May 2023, we are progressing candidates through the final stage of our engagement process.”

De La Rue appointed Nick Bray as interim chair earlier this month.

Shares in De La Rue slipped in early trading on the news, but then recovered to 42.66p (52-week high: 117.40p, low 33.00p). However, the share price is down by more than 46% since the start of the year.

In April the group issued another profit warning and said that banknote printing demand was at its lowest for more than 20 years.