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R.T. Briscoe (Nigeria) Plc Notification of Likely Delay in the Filing of the Audited Financial State

Proshare

Monday, March 13, 2017/ 4:22 PM /NSE

The Board and Management of
R.T. Briscoe (Nigeria) PLC hereby inform the Nigerian Stock Exchange and the general public of a likely delay in the filing of the audited financial statements of the company for the year ended 31st December, 2016.

Our external Auditors, KPMG Professional Services, who are currently auditing the financial statements have confirmed that there might be an “Emphasis of Matter” in the Audit Opinion which would require that the financial statements be initially referred to the Financial Reporting Council of Nigeria for review before it is filed with the Nigerian Stock Exchange and announced to the Public.

Though the review period at the Financial Reporting Council is beyond our control and uncertain, we do not expect it to go beyond April 28, 2017 for which we have received an extension by the Nigerian Stock Exchange for the submission of the Financial Statements.

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