REG - Brighton Pier Group - Change of Accounting Date

Brighton PierAnnouncement

20/06/2022 07:00

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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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