1Spatial Holdings Regulatory News (SPA)

16 Mar 2009 12:10



Avisen plc

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

Change of accounting reference date

The Company announces that it has changed its financial year end to 31 January. The Company will therefore report on the 11 month accounting period ending 31 January 2009. The change to the accounting reference date is to reflect the date on which the acquisition of Avisen Group Limited was completed. The present financial year will, therefore, incorporate the period during which the trading business has been part of the enlarged group.

The Group will report audited financial information for the 11 month period ended 31 January 2009, on or before 31 July 2009, and subsequently produce its half yearly report to 31 July 2009 within three months of that date, and its Annual Report and Accounts for the year ending 31 January 2010 within six months of that date.

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Notes to Editors:

Avisen is a business and technology consultancy specialising in performance management with a focus on strategy creation, development and implementation. It provides advisory services and software distribution of solutions in the corporate performance management market. Avisen aims to provide specialist advice to enable organisations to build more effective capabilities to manage the performance of their businesses and allow them to achieve their desired targets.

Avisen has offices based in London, Amsterdam and Johannesburg and employs over 40 permanent staff, in addition to using the services of consultants and contractors on an ad hoc / project based basis.