Change of Accounting Reference Date

RNS Number : 1532K

Altitude Group PLC

27 August 2019

 

27 August 2019

ALTITUDE GROUP PLC

 (the "Company", the "Group" or "Altitude")

Change of Accounting Reference Date

Altitude Group plc (AIM: ALT), the operator of the leading marketplace for personalised products, announces that, further to previous announcements, the Group's accounting reference date has been changed from 31 December to 31 March.

The background and rationale to the change of accounting reference date are that the Company's current final quarter (calendar Q4) is a major trading quarter in the United States market for promotional products (Altitude's largest area of operation) and therefore generates a material sum of potential revenue for the Company.

Furthermore the leading industry event occurs in early January and this is a significant opportunity for the company and management need to be focussed on delivering this event.

Following this change to accounting reference date, the Group's reporting timetable for the next 18 months will be as follows:

·    Unaudited interim accounts for the 6-month period ended 30 June 2019 to be published on 30th September 2019;

·     Detailed trading update for the period to 31 December 2019 as soon as practicable after 31 December 2019;

·    The full year report and accounts for the 15 months to 31 March 2020 will be published no later than 31 July 2020; and

·   Interims for the 6-month period to 30 September 2020 will be then published no later than the end of  December 2021.

The Company also announces that the annual report and accounts for the year to 31 December 2018 were posted to all shareholders and made available on the Company's website on 7 June 2019.

Enquiries:

Altitude Group plc Nichole Stella, Chief Executive Officer Graeme Couturier, Chief Financial Officer Peter Hallett, Non-Executive Chairman	Via Instinctif - 020 7457 2020
finnCap ltd Jonny Franklin-Adams (Corporate Finance) Scott Mathieson (Corporate Finance) Richard Chambers (ECM)		020 7220 0500
Instinctif Partners (Financial PR) Matthew Smallwood Chantal Woolcock	020 7457 2020

 

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