UNITYKAP Notifies of Delay in filing its 2018 Audited Financial Statement

Proshare

Monday, March 04, 2019 05:31PM / NSE

 

Veritas Kapital Assurance Plc (the Company) wishes to inform its valued shareholders, investing public and key stakeholders that the Company may be unable to meet the deadline of 31st March, 2019, to file the Audited Financial Statements for the year ended 31st December, 2018 in line with the Listing Rules of the Nigerian Stock Exchange.

As an entity subject to a Primary Government Regulator (National Insurance Commission) and being an insurance organization, we are affected by the adoption and implementation of IFRS 9 which deals with Financial Instruments and IFRS 4 (as amended) on Insurance Contracts.

However, efforts are being made to finalize the Accounts with our External Auditors Deloitte & Touché (Chartered Accountants).

Veritas Kapital Assurance Plc apologizes for this delay and assures its shareholders and stakeholders of its commitment to ensure the submission and publication of its Audited Accounts on or before 30 June, 2019.

This information is also available on our corporate website: www.veritaskapital.com



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