Friday, April 5, 2019 10:35AM / NSE
FIN Cocoa Processors Plc (“FTN Cocoa” or the Company”) wishes to inform its esteemed and valued Shareholders, Stakeholders and the General Public that the Company was unable to file its Audited Financial Statements for the year ended 3 December, 2018 (2018 AFS) by the due date of 31 March 2019.
This was due to the ongoing Restructuring exercise in the Company occasioned by working capital which has led to some changes in the Company’s internal processes. We are aware of our responsibilities and obligations to The Exchange's post-listing regulations and regret the inconvenience the-non-filing of the 2018 AFS may have caused our shareholders.
In view of the above, the Company may be unable to file its Unaudited Financial Statements for the period ended 31 March, 2019 (2019 Q1) by the regulatory due date of 30 April 2019.
The Management of the Company has put all machinery in place to ensure the filing of the 2018 AFS and 2019 Q1 latest, by 31st May 2019. Also, appropriate action has been taken to ensure future Financial Statements and results are submitted within the stipulated time.
We like to assure our esteem shareholders of the Company’s continuous compliance to Regulatory requirements. FTN Cocoa Processors Plc remains committed to adherence to extant Rules including that of The Exchange.