Brighton Pier Group PLC (The) Change of Accounting Date (3820P)
20 Junio 2022 - 1:00AM
UK Regulatory
TIDMPIER
RNS Number : 3820P
Brighton Pier Group PLC (The)
20 June 2022
20 June 2022
The Brighton Pier Group PLC
(the "Company" or the "Group")
Change of Accounting Reference Date and Notice of Trading
Update
Brighton Pier Group PLC is a diversified UK entertainment
business that owns and trades Brighton Palace Pier, as well as
eight premium bars, eight indoor mini golf sites and the Lightwater
Valley theme park in North Yorkshire.
The Group announces that it will be changing its accounting
reference date (and financial year end) from the 30 June to the 31
December.
The Directors believe that the new accounting reference date
will enable more meaningful comparison of the Group's financial
performance year to year, as it ensures that the typically busy
summer trading months are aggregated within a single reporting
period, as opposed to being split into two financial periods as
they are currently. Furthermore, given that the current audit takes
place during the typically busier summer months, the Directors
believe that it can further improve staffing efficiencies by moving
the audit process to take place in the quieter period following
Christmas.
The Company expects to publish its results for the 52-week
period ended June 2022 (unaudited), by the end of September 2022,
with a comparison to the 52-week period ended June 2021.
By the end of April 2023, the Company expects to report an
extended audited set of results for the 78-week period to December
2022, with a comparison to the latest audited accounts for the 52
weeks ended June 2021. These results will also include a proforma
set of financial statements for the 52 weeks ended December 2022
compared to the 52 weeks ended December 2021.
Trading Update
The Group looks forward to announcing a trading update, later in
July 2022, for the 52-week period ending 26 June 2022. The Company
expects to report that revenue and adjusted EBITDA will be in line
with market expectations.
Enquiries:
The Brighton Pier Group PLC Tel: 020 7376 6300
Luke Johnson, Chairman Tel: 020 7016 0700
Anne Ackord, Chief Executive Officer Tel: 01273 609361
John Smith, Chief Financial Officer Tel: 020 7376 6300
Cenkos Securities plc (Nominated Adviser and
Broker)
Stephen Keys (Corporate Finance) Tel: 0207 397 8926
Callum Davidson (Corporate Finance) Tel: 0207 397 8923
Michael Johnson (Sales) Tel: 0207 397 1933
Novella (Financial PR) Tel: 0203 151 7008
Tim Robertson
Claire de Groot
Safia Colebrook
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END
MSCFFFLIRSIDLIF
(END) Dow Jones Newswires
June 20, 2022 02:00 ET (06:00 GMT)
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