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Capital Hotels Plc Notifies on the Late Release of 2016 Audited Financial Statements

Proshare

Wednesday, April 12, 2017/ 9:57 AM /NSE

Capital Hotels Plc wishes to inform our Shareholders and other stakeholders that the Company was not able to file its Audited Financial Statements for the year ended 31 December 2016, within the timeframe required by The Nigerian Stock Exchange with respect to filing and publication of Audited Financial Statements.

In compliance with the requirement of the Financial Reporting Council of Nigeria (FRC) Capital Hotel Plc is in the process of obtaining FRC waiver from the FRC to enable the Chairman of its Audit Committee sign the Committee’s Report without the requisite qualification and FRC number.

Capital Hotel Plc is optimistic that the waiver will be obtained and the financial statement will be filed soonest.

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