Staco Insurance Plc Recieves Approval for Time Extension to File Q3 Unaudited Financial Statements

Thursday, October 11, 2018 10:52AM / NSE

We wish to notify The Nigerian Stock Exchange (The Exchange), our esteem shareholders and other stakeholders that the Company has obtained the approval of The Exchange for extension of time to file its third quarter Unaudited Financial Statements for the period ended 30 September 2018. (2018 Q3)

The extension to file the 2018 Q3 becomes imperative as the Company is yet to file its Audited Financial Statements for the year ended 31 December 2017 (2017AFS) with The Exchange. The Company is yet to receive approval of the 2017 AFS from the National Insurance Commission (NAICOM), its primary regulator. NAICOM had raised certain queries after reviewing the same for the Company’s attention. Upon finalizing the 2017 AFS and obtain NAICOM’s approval, the Company shall immediately proceed to file the 2017 AFS with The Exchange.

We hereby reaffirm our commitment to the submission and publication of the Quarterly Financial Statements on or before 3oth November 2018.

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