GOLDINSURE Notifies of its inability to meet the deadline for filing its 2018 AFS

Proshare

Tuesday, February 26, 2019 04:43AM / NSE

 

Goldlink Insurance Plc ("the Company") hereby notifies its shareholders, capital market participants, and The Nigerian Stock Exchange (“The Exchange”) that the Company will regrettably be unable to meet the statutory deadline for filing its Audited Financial Statements (AFS) for the year ended 31 December, 2018 (2018 AFS) within the due date of 31 March, 2019 as prescribed by The Exchange's Rules on Filing of Accounts and Treatment of Default Filing (“Default Filing Rules”).

The Company’s inability to file its 2018 AFS is as a result of the delay it encountered in completing the audits of the 2016 and 2017 accounts, which has ultimately impacted on the audit of the 2018 accounts. More so, the on-going restructuring in the Company, and the need to stabilize the Company by the National Insurance Commission (NAICOM) who took over the management of the Company have also delayed the audit process.

Please be assured that the Company will file its 2018 AFS well enough in time to convene its Annual General Meeting on or before 30 June, 2019, and sincerely regret any inconveniences the delay might cause our shareholders and the investing public. We would like to provide the assurance that we are committed to adhering to best corporate governance practices at all times. This publication can also be found on the company's website: www.goldlinkplc.com


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