DCD Change of Accounting Reference Date
The following amendment has been made to the ‘Change in Accounting Reference Date' announcement released on 30 September 2019 at 7 a.m. under RNS No 0254O
Interims for the 6-month period to 30 September 2020 will be then published no later than the end of December 2020.
Rather than December 2021 as previously announced.
All other details remain unchanged.
The full amended text is shown below.
DCD Media Plc
(“DCD Media”, the “Group” or the “Company”)
Change in Accounting Reference Date
DCD Media and its subsidiaries, the independent TV distribution and production group, announces that the Group's accounting reference date has been changed from 31 December to 31 March with immediate effect.
The Board have considered and approved a change in the accounting reference date. The reason for the change is to manage deal flow given the lack of availability for many contracting parties around Christmas and New Year - the end of the current fiscal year. This change will allow management to focus on obtaining the best possible deals rather than being concerned with the logistics of closing deals during the holiday season which is the case currently.
As a result of the change of accounting reference date, the Company's reporting calendar will be as follows:
• Unaudited interim accounts for the 6-month period ended 30 June 2019 to be published on 30 September 2019;
• Detailed trading update for the 12-month period ended 31 December 2019 to be published on or around 28 February 2020;
• The full year report and accounts for the 15-month period to 31 March 2020 will be published on or around 31 August 2020; and
• Interims for the 6-month period to 30 September 2020 will be then published no later than the end of December 2020.
For further information please contact:
Investor Relations/ Media Relations, DCD Media Plc
Tel: +44 (0)20 3869 0190
Stuart Andrews / Carl Holmes / Giles Rolls
Tel: +44 (0)20 7220 0500