Lagos, February 28, 2023
PRESS RELEASE ON LATE SUBMISSION OF AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31ST MARCH 2023.
The Management of Royal Exchange Plc (the Company) wishes to inform our esteemed shareholders, key stakeholders and the investing community that the Company will be unable to submit its Audited Financial Statements for the year ended 31st December 2022 and the Unaudited Financial Statements for the period ending March 31, 2023, to the Nigerian Exchange Limited (NGX) within the timeframe required by the NGX.
As a holding company with various associates and subsidiaries, the Year End Audit Exercise for the group is yet to be concluded, as our insurance associates are awaiting regulatory approvals from their regulators -National Insurance Commission (NAICOM)
Once all the associates and subsidiaries have obtained approval for their respective Financial Statements, consolidation of the Group's accounts for the Year Ended December 31, 2022, will be concluded and released to the public and the Unaudited Financial Statements for the period ending March 31, 2023, will be prepared and approved by the Board of Directors for submission to both the NGX and the Securities & Exchange Commission (SEC).
We are optimistic to submit the Audited Financial Statements for the year ended 31 December 2022 and Unaudited Financial Statements for the period ending March 31, 2023, to NGX on or before June 29, 2023.
Signed:
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NGOZIKA ONU
For: Mazars Ojike and Partners
Company Secretaries
Royal Exchange Plc
New Africa House
31 Marina Lagos.
Tel: 07064690856
Email: info@royalexchangeplc.com
Web: www.royalexchangeplc.com
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Royal Exchange plc published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 16:25:31 UTC.