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EKOCORP Plc Announces delay in filing FY 2017 financial Statements

Proshare

Monday, April 09, 2018 /07:11PM / NSE  

This is to inform the general public that EKOCORP Plc’s Audited Financial Statement for the year ended 31 December, 2017 has not been filed with The Nigerian Stock Exchange (“The Exchange”) by the due date, 31st  March, 2018. 

The unforeseen delays in concluding our Financial Reports are as a result some of fundamental changes in EKOCORP Plc.
 

The Company has been restructuring, and has only recently contracted, through a consulting firm, an interim Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer pending the Conclusion of contract discussions with the permanent executives for the above listed positions.
 

We also recently changed our External Auditors, as the tenure of the previous one had expired and effected some process changes in the Accounts Department, in order to achieve effective Financial Reporting in the Corporation.
 

We wish to state that the Audited Financial Statements will be filed on or before the 3oth  of April, 2018. We are in the process of concluding the Annual Statutory Audit of the Company’s Financials to meet the scheduled anticipated date.
 

We therefore, by this notice, sincerely apologize for the delay and promise that subsequent Financial Statements shall be filed as and when due premium being placed on the tenets of Corporate Governance and the high esteem of the investing public.
 

Proshare Nigeria Pvt. Ltd.

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