LEARNAFRCA Seeks Approval to file 2015 Audited Financials On or Before 12th April

Proshare

Thursday, March 31, 2016 11:02 AM /NSE

We would like to advice the NSE as well as our esteemed shareholders and stockholders that we are unlikely to complete our 2015 audit and issue our Annual Report as at when due in line with The NSE Rules.

The delay in the submission of the 2015 Audited Financial Statement of Learn Africa Plc is due to the need to verify manually and in greater detail the Sales figures recorded in 2015 following a brief technical hitch in the acumen (book sales’ software package) during the peak of the Company’s sales season (September-November 2015)

We have therefore sought the approval of the Exchange to file our 2015 Audited Financial Statements outside of the time period stipulated by the Rules as efforts are being intensified by our External Auditors towards the timely conclusion of the 2015 audit exercise. Our aim is to file our 2015 Audited Financial Statement with The Exchange on or before 12th April, 2016.

The Company reiterates its commitment towards restoring shareholders’ value and maximizing returns by its continuous revision and development of new titles and ensuring that they remain the preferred choice of customers nationwide.

The public is therefore advised to disregard any information or document suggesting that the 2015 Audited Financial Statement is delayed for any reason other than the reason as contained herein.

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