Change of accounting reference date
31 December 2008
General Capital Group plc (AiM: GENC) announces that the Board of the Company has decided that the Company would be better placed if it produced its annual results to 31 March rather than 31 December each year. The change should realise a cost saving and allow it to differentiate itself from its quoted peer group. Accordingly the Company has changed its accounting reference date from 31 December to 31 March. Therefore, the next audited Group accounts will be prepared for the 15 month period ending 31 March 2009. Unaudited interim accounts will be produced for the 6 and 12 month periods ending 31 December 2008.
Further to the Company's announcement on 9 December 2008, it remains in constructive discussions with its bankers regarding the breach of a banking covenant referred to in that announcement.
For further information:
| General Capital Group Plc |
|
| Steve Hartley, Chief Executive | Tel: +44 (0) 1603 610610 |
| steve.hartley@generalcapital.co.uk | www.generalcapital.co.uk |
| Collins Stewart Europe Ltd | |
| Mark Connelly / Adam Cowen | Tel: +44 (0) 20 7523 8350 |
| www.collins-stewart.com |
Media Enquiries:
| Abchurch Communications | |
| Heather Salmond | Tel: +44 (0) 20 7398 7700 |
| heather.salmond@abchurch-group.com | www.abchurch-group.com |