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LONDON - Chill Brands Group plc (AIM:CHLL) announced Monday that it is changing its accounting reference date from March 31 to September 30, effective immediately.
The consumer packaged-goods distribution company said the change aims to better align its reporting cycle with current operational priorities and ensure compliance with the Financial Conduct Authority’s UK Listing Rules and Disclosure Guidance and Transparency Rules.
The decision follows the completion of the company’s audit for the year ended March 31, 2024, which experienced significant delays due to corporate disruption that affected the company during 2024.
As a result of this change, Chill Brands will prepare audited financial statements for an 18-month period ending September 30, 2025. These audited accounts must be published by January 31, 2026, in accordance with regulatory requirements.
The company will also publish unaudited interim financial results for the 12-month period ended March 31, 2025, expected to be released by July 31, 2025.
According to the company’s press release statement, the Board intends for this change to provide Chill Brands with "a clean break from the disrupted previous cycle," allowing management to focus on executing commercial plans while meeting future financial reporting obligations in a timely manner.
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