Sosandar PLC Change of Accounting Year End (0036A)
21 December 2017 - 6:00PM
UK Regulatory
TIDMSOS
RNS Number : 0036A
Sosandar PLC
21 December 2017
Sosandar plc
("Sosandar" or the "Company" or the "Group")
Change of accounting year end
Sosandar plc (AIM: SOS.L), the online women's fashion retailer,
announces that, following the acquisition of Thread 35 Limited
("Thread") on 2 November 2017, the Company has decided to change
its accounting reference date and financial year end from 31
December to 31 March. This change will align the Company's
accounting reference period with that of Thread and will allow
comparability of Group reporting across future periods.
As a result of this change the Group's next three financial
reporting events will be as follows:
-- publication of unaudited interim accounts for the nine month
period ended 31 December 2017 by 31 March 2018. The financial
information will be accounted for as a reverse acquisition in
accordance with IFRS 3 "Business Combinations"; and will include
the results of Thread for the nine month period from 1 April 2017,
and those of Sosandar (formerly Orogen plc) from the date of the
acquisition;
-- publication of audited accounts for the year ended 31 March 2018 by 30 September 2018; and
-- publication of unaudited interim accounts for the six months
ended 30 September 2018 by 31 December 2018.
Enquiries
Sosandar plc
----------------------------------------- ------------------------
Julie Lavington / Ali Hall c/o Walbrook PR
----------------------------------------- ------------------------
Cairn Financial Advisers LLP (Nominated
Adviser) +44 (0) 20 7213 0880
----------------------------------------- ------------------------
Sandy Jamieson/Liam Murray / Richard
Nash
----------------------------------------- ------------------------
Turner Pope Investments (TPI) Limited
(Broker) +44 (0) 20 3621 4120
----------------------------------------- ------------------------
Ben Turner / James Pope
----------------------------------------- ------------------------
Walbrook PR +44 (0) 20 7933 8780
----------------------------------------- ------------------------
Paul Cornelius / Nick Rome /Sam Allen sosandar@walbrookpr.com
----------------------------------------- ------------------------
About Sosandar
Sosandar is an online womenswear brand specifically targeted at
a generation of women who have graduated from younger online and
high street brands, and are looking for affordable clothing with a
premium, trend-led aesthetic. Based on previous experience within
the UK fashion industry and their understanding of the target
demographic, this is a section of the market that the Company
believes is currently being overlooked.
Sosandar was launched on 19 September 2016 following ten months
of preparation that included building the management team,
designing the initial Sosandar range, sourcing suitable suppliers,
appointing a logistics provider and building the website. The
Sosandar business model is built around using trend-led, in house
designs that are sourced from a variety of global suppliers to
cater for a growing market of fashion conscious women, while
utilising an outsourced logistics provider that can support its
planned growth over the coming years.
Sosandar's founders are Alison Hall and Julie Lavington, who
have previously worked together at high street fashion and
celebrity style magazine Look, as editor and publishing director
respectively. They have a combined experience of over 35 years in
the media and fashion industries, including in the design of
fashion ranges for some of the UK's high street retailers,
including Debenhams, Office, Oasis and JD Williams.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NARURARRBOAUUUA
(END) Dow Jones Newswires
December 21, 2017 02:00 ET (07:00 GMT)
Sosandar (LSE:SOS)
Historical Stock Chart
From Apr 2024 to May 2024
Sosandar (LSE:SOS)
Historical Stock Chart
From May 2023 to May 2024