ValuAlliance Asset Management Limited, “Fund Manager” of the ValuAlliance Value Fund (“Value Fund”) hereby notifies the Nigerian Stock Exchange (“the Exchange”), Unit holders of the Value Fund and other stakeholders of the delay in the filing of the Value Fund’s 3 months unaudited financial statements for period ended 3oth September 2018.
The foregoing has become necessary to enable the Fund Manager complete the implementation of IFRS 9 for the Value Fund. As reported in the Value Fund‘s audited financial statements for year ended 301h June 2018 released to the investing public on 19th November 2018, the Value Fund will adopt IFRS 9 in the preparation of its financial statements for the financial year ending 30 June 2019. Consequently, the 3 months unaudited financial statements for period ended 301h September 2018, are being prepared in accordance with IFRS 9.
The Fund Manager expects to conclude the IFRS implementation imminently and publish the Value Fund’s 3 months unaudited financial statements for period ended 301h September 2018 thereafter.