The Exchange notes that some companies missed their financial filing date in respect of the 2011 Audited Accounts which was March 31, 2012.
We are cognizant of the down time experienced at the beginning of the year arising from the fuel subsidy crisis and its impact on the business activities of our listed entities and gave all companies with December year end two weeks grace which elapsed on Friday, April 13, 2012.
The Exchange is further exercising limited discretion by extending the filing date by another two weeks effective April 16, 2012 to April 27, 2012, for companies to regularize their filings.
During this period, we will forbear from imposing penalties. Penalties will be imposed on filings that are made after 12.00 p.m. on Monday April 30, 2012.
We believe that the timely disclosure of financial information is critical to stakeholders in the capital market as well as investors. Consequently, an appropriate symbol has been appended beside the names of default filers on X-Compliance Report; in addition to including this information on the daily market report with immediate effect. The symbol(s) will remain until the 2011 Audited Accounts are filed.
Please note however that the extended filing date does not in any way discharge affected companies from complying with the Disclosure of Non-compliance pursuant to Clause 14 (g) of Appendix III our Post- Listing Rules.