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African Alliance Insurance Plc Announces Delay in Filing FY 2017 and Q1 2018 Reports

Proshare

Friday, June 1, 2018/12:50PM / NSE

African Alliance Insurance Plc wishes to notify its esteemed shareholders and other stakeholders that the Company’s audited financial statements for the year ended 31st December 2017 and the unaudited financial statements for the period ended 31st March, 2018 could not be submitted to The Nigerian Stock Exchange within the extended time of 31 May 2018 that was granted to the Company by The Exchange.

This delay is occasioned by the fact the Company is yet to file its Annual Group Audited Financial Statements for the period ended 31st December, 2017 due to the fact that one of its major offshore subsidiaries just recently obtained the approval of its Financial Statements from its regulators, hence the delay in consolidating the Group’s accounts.

The Company is working assiduously towards completing and submitting both the audited Financial Statements (FS) and the First quarter unaudited Financial Statements and is hopeful to do so on or before 3oth June, 2018.


Proshare Nigeria Pvt. Ltd.



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