Newrest ASL Nigeria Plc Announces A Delay in Filing of Year Ended 31 December 2016 Results

Proshare

Thursday, April 06, 2017/4:07 PM/NSE

The Board of Directors and Management of Newrest ASL Nigeria Plc hereby advises its esteemed shareholders and other stakeholders with regret that it has been unable to submit its 2016 audited financial statements to the Nigeria Stock Exchange (NSE) and Securities & Exchange Commission (SEC) within the timeframe required by the regulatory agencies.

This had been unanticipated as the Company had expected to finalize the audit and publish its 2016 financial statements by March 31, 2017.

As a holding company with three (3) subsidiaries, the audit exercise of the Company is yet to be finalized as a result of the yet to be concluded audit of one of the Company’s subsidiaries with operations outside Nigeria.

Both Management and the External Auditors of the Company, Akintola Williams Deloitte are optimistic that the final financial statements of the company will be available on or before 30th April, 2017.

We undertake to submit the audit financial statements to the NSE and SEC and publish same immediately following the above date.

We have applied to the NSE for a filing extension in line with the above.

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