4imprint : Change in presentational currency

Comparatives presented in USD

4imprint Group plc (the "Group"), the leading international direct marketer of promotional products, announced on 24 October 2014 that it is changing the currency in which it presents its consolidated financial statements from Sterling to US dollars. A substantial portion of the Group's revenue and earnings are now denominated in US dollars and the Board has decided that a US dollar presentation will give a more meaningful view of the Group's financial performance and position.

In future, dividends will be determined in US dollars and paid in Sterling at the exchange rate at the time the dividend is determined.

In the unaudited appendix attached to this announcement the Group has presented condensed consolidated US dollar financial information. This will form the basis of the comparative US dollar financial statements to be included in the full year results for the year ending 27 December 2014 and the half year results for the six month period ending 27 June 2015.

The condensed consolidated financial information has been restated from Sterling into US dollars using the procedures as outlined below and in accordance with the requirements set out in IAS 21: "The Effects of Changes in Foreign Exchange Rates" with respect to translation to the presentational currency:

• Items of income and expenditure, other than single material identifiable transactions, denominated in non US dollar currencies were translated into US dollars at the average exchange rate of the reporting period. Single material identifiable transactions, e.g. the sale of the SPS business, have been translated at the exchange rate at the time of the transaction;

• assets and liabilities denominated in non US dollar currencies were translated into US dollars at the   closing rate prevailing at the balance sheet dates;

• share capital, share premium and the capital redemption reserve have been translated at historical exchange rates; and  

• all resulting exchange differences have been recognised in other comprehensive income and in the currency translation reserve in accordance with the Group's existing accounting policy.

The relevant exchange rates used were as follows:

For further information, please contact:  

4imprint Group plc Tel.                                     MHP Communications Tel.
+ 44 (0) 20 7299 7201                                         + 44 (0) 20 3128 8100 

John Poulter                                                           Reg Hoare  
Executive Chairman                                         

Gillian Davies Group                                             Katie Hunt  
Finance Director 

To view the release in full, please click on the link below: