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Staco Insurance Plc Announces a Delay in Filing of Its Q1 2017 Accounts

Proshare

Monday, May 8, 2017 8:36 AM/NSE

This is to inform our esteemed shareholders, stakeholders and the general public that Staco Insurance Plc was unable to submit its 1st Quarter unaudited account for the period ended 31 March 2017 to the Nigerian Stock Exchange within the stipulated deadline of 30th April, 2017.

The delay was as a result of the need to submit the 2016 Audited accounts to the Exchange before the 2017 First Quarter Account can be submitted. Presently, we are still awaiting the approval of our 2016 Audited Account by our Primary Regulator, National Insurance Commission (NAICOM), hence the inability to submit the 2017 1st quarter account to the Exchange.

We are optimistic that the audited account will be approved soon and both the 2016 Audited Account and 2017 First Quarter Unaudited Account will be submitted on or before 31st May, 2017.

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