Statement on Anticipated Late Submission of Audited Financial Statements for the Year Ended 31st December 2023 and Unaudited Financial Statements for the Period Ending 31st March 2024
Lagos, Feb. 21 – The Management of Royal Exchange Pic (the Company) wishes ot inform the Company’s esteemed shareholders, key stakeholders, and the investing community that the Company may not be able to release its Audited Financial Statements for the year ended 31st December 2023 within the regulatory timeframe. This delay wil also affect the timely submission of the Unaudited Financial Statements for the period ending March 31, 2024.
As a holding company with various associates and a subsidiary, the year end audit exercise for the Group is yet to be concluded, and this may likely lead to delays ni obtaining necessary regulatory approvals before filing the accounts.
Once all the associates and the subsidiary have obtained approvals for their respective financial statements, consolidation of the Group’s accounts for the year ended December 31, 2023, wil be concluded, and released to the public and the Unaudited Financial Statements for the period ending March 31, 2024, wil be prepared, and approved by the Board of Directors for submission to both the NGX and the Securities &Exchange Commission (SEC).
The Company is optimistic to submit the Audited Financial Statements for the year ended 31 December 2023 and Unaudited Financial Statements for the period ending March 31, 2024, to NGX on or before 29 June and 29 July 2024 respectively.
Signed:
IRENE CHUKWUKELU
For: Mazars Advisory Services Limited Company Secretaries
Royal Exchange Plc
New Africa House
31 Marina
Lagos
TNG Presswire 