WFCA PLC Change of Accounting Reference Date (5128G)

TIDMWFCA

RNS Number : 5128G

WFCA PLC

29 June 2012

29 June 2012

WFCA plc

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

CHANGE OF ACCOUNTING REFERENCE DATE

WFCA announces that in reaction to a further decline in its clients marketing budgets since the interim statement, it intends to substantially impair its goodwill, currently valued at GBP8,760,324, to a value close to GBP2.5 million. To expedite this, it intends to bring forward its financial reporting period to the 30th April and will provide a preliminary announcement on the 9th July.

Further enquiries:

WFCA plc

   Stephen Latter, Financial Director                Tel: [phone] 

Daniel Stewart & Company plc

   David Hart & James Felix                            Tel: [phone] 

WFCA plc is a uniquely placed full service Marketing Communications Agency and positioned as the "London Agency not in London". Their role is as a different kind of Agency, with completely integrated and full service resource delivering advertising, design, direct, digital and media solutions to a wide range of blue chip Clients, but at a much lower cost than their London based competitors.

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