Wednesday, April 13, 2016 5:18PM /NSE
The management of A.G Leventis Plc. hereby informs our esteemed shareholder and the wider investment community that we were unable to release our Audited Financial Statements on March 31, 2016 as required by the NSE Rules and other regulatory guidelines relating to release of Audited Financial Statements.
The delay in the submission of the 2015 Audited Financial Statement is due to the following
1. We have just changed our Auditors from Akintola Williams Deloitte to KPMG Professional Services in conformity with regulatory guidelines on rotation of external Auditors and the new Auditors needed more time to thoroughly understand the complexities of our operations at business units and group levels.
2. As a result of on-going reorganisation exercise within our Group, we develop new hands to strengthen Finance Team and they needed more time to position themselves for the conclusion 2015 Audit.
We are however optimistic that the Company’s Audited Financial Statement for the year ended 31st December 2015 will be filed not later than the 29th of April 2016.