REG - Kitwave Group PLC - Change of Accounting Reference Date

KitwaveAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250811:nRSK6708Ua&default-theme=true

RNS Number : 6708U  Kitwave Group PLC  11 August 2025

11 August 2025

Kitwave Group plc

 

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

 

Change of Accounting Reference Date

 

Kitwave Group plc (AIM: KITW), the delivered wholesale business, announces
that further to the announcement on 1 July 2025, the Group intends to change
its accounting reference date and financial year end from 31 October to 31
December, with immediate effect.

 

The Group's business activities and revenues are weighted toward the middle
third of the calendar year and, having noted comments from shareholders, the
Directors recognise that presenting financial statements that have a more
balanced first half and second half weighting would be in the best interests
of the Group.

 

As a result of this change in the accounting reference date, Kitwave's
reporting timetable will be as follows:

·    Publication of unaudited / interim results for the 12-month period
ending 31 October 2025, no later than 31 January 2026;

·    Publication of audited accounts for the 14-month period ending 31
December 2025, no later than 30 June 2026;

·    Publication of unaudited interim accounts for the 6-month period to
30 June 2026, no later than 30 September 2026; and

·    Publication of audited accounts for the 12-month period to 31
December 2026, no later than 30 June 2027, and subsequent 12-month periods
thereafter to 31 December.

 

It is also the Board's intention to distribute a single dividend for the
8-month second half period to 31 December 2025, which, together with the
interim dividend of 4.0 pence per share previously announced on 1 July 2025,
will cover dividend distributions for the 14-month period to 31 December 2025.

 

 

- Ends-

 

For further information, please contact:

 Kitwave Group plc                                                Tel: +44 (0) 191 259 2277

 Ben Maxted, Chief Executive Officer

 David Brind, Chief Financial Officer

 www.kitwave.co.uk (http://www.kitwave.co.uk/)
 Canaccord Genuity Limited                                        Tel: +44 (0) 20 7523 8150

(Nominated Adviser and Sole Broker)

 Bobbie Hilliam

 Elizabeth Halley-Stott
 Yellow Jersey PR                                                 Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Charles Goodwin

 Shivantha Thambirajah

 Bessie Elliot

 kitwave@yellowjerseypr.com (mailto:kitwave@yellowjerseypr.com)

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery
wholesale business based in North Shields, United Kingdom, Kitwave is a
delivered wholesale business, specialising in selling and delivering impulse
products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to
approximately 46,000, mainly independent, customers.

 

With a network of 37 depots, Kitwave is able to support delivery throughout
the UK to a diverse customer base, which includes independent convenience
retailers, leisure outlets, vending machine operators, foodservice providers
and other wholesalers, as well as leading national retailers.

 

The Group's growth to date has been achieved both organically and through a
strategy of acquiring smaller, predominantly family-owned, complementary
businesses in the fragmented UK grocery and foodservice wholesale market.

 

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London
Stock Exchange on 24 May 2021.

 

For further information, please visit: www.kitwave.co.uk
(http://www.kitwave.co.uk) .

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NARSSUFIAEISEDA