Staco Insurance Plc Announces Delay in Submission of its Q2 2018 Results

Proshare

Friday, August 03, 2018 /6:15PM / NSE

We wish to notify The Exchange, our shareholders and our esteemed stakeholders that Staco Insurance Plc (the Company) has been unable to file its unaudited financial statements for the period ended 30 June 2018 within the period prescribed by The Exchange’s Rules, for Filing of Accounts and Treatment of Default Filing.

The inability to file unaudited financial statements for the period ended 30 June 2018 is as a result of the fact that the 2017 Audited Financial Statements of the Company are still being reviewed by the National Insurance Commission (NAICOM), for approval.

The Company is unable to provide specific timelines as to when it would file the outstanding returns, as this is dependent on the decision of NAICOM on the financial statements.

We assure our stakeholders that the Company is a responsible organization, committed to firmly abide by the Rules and Regulations of its Regulators and that the Company would promptly file all outstanding returns in due course.

 


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