Business
Change of Accounting Reference Date
Change of Accounting Reference Date.
About this update from Altitude Group Plc
[{"type":"text","content":"\n \nRNS Number : 1532K Altitude Group PLC 27 August 2019 \n\n27 August 2019 \n \nALTITUDE GROUP PLC\n (the \"Company\", the \"Group\" or \"Altitude\")\n \nChange of Accounting Reference Date\n \n \nAltitude 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. \n \nThe 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.\n \nFurthermore 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. \n \nFollowing this change to accounting reference date, the Group's reporting timetable for the next 18 months will be as follows:\n \n· Unaudited interim accounts for the 6-month period ended 30 June 2019 to be published on 30th September 2019;\n \n· Detailed trading update for the period to 31 December 2019 as soon as practicable after 31 December 2019;\n \n· The full year report and accounts for the 15 months to 31 March 2020 will be published no later than 31 July 2020; and\n \n· Interims for the 6-month period to 30 September 2020 will be then published no later than the end of December 2021.\n \nThe 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. \n \nEnquiries:\n \n\n\n\n\nAltitude Group plc\nNichole Stella, Chief Executive Officer\nGraeme Couturier, Chief Financial Officer\nPeter Hallett, Non-Executive Chairman\n\n\nVia Instinctif - 020 7457 2020\n\n\n\n\nfinnCap ltd \nJonny Franklin-Adams (Corporate Finance) \nScott Mathieson (Corporate Finance) \nRichard Chambers (ECM)\n\n\n 020 7220 0500 \n\n\n\n\nInstinctif Partners (Financial PR)\nMatthew Smallwood \nChantal Woolcock\n\n\n020 7457 2020&n...