Royal Exchange Plc
(RC: 6752)
Unaudited Consolidated FinancialStatements
30 September 2022
ROYAL EXCHANGE PLC RC: 6252 | |
New Africa House | T. 01-4606690 - 01-4606699 |
31 Marina | E. info@royalexchangeplc.com |
P.O. Box 112, Lagos | W. www.royalexchangeplc.com |
Directors:
Mr. Kenneth Ezenwani Odogwu (Chairman), Chief Anthony Ikemefuna Idigbe (SAN), Alhaji Ahmed Rufa'i Mohammed, Mr. Adeyinka Adekunle Ojora, Mr. Hewett Benson
Royal Exchange Plc
Unaudited Consolidated Financial Statements for half year ended 30 September
Table of Contents | |
Corporate information | 3 |
Share Dealing Policy | 5 |
Free Float Report | 8 |
Result at a glance | 9 |
Consolidated Statements of Financial Position | 10 |
Consolidated Statement of Profit or Loss and Other Comprehensive Income | 11 |
Statement of Changes in Equity | 12 |
Consolidated Statements of Cashflows | 15 |
Notes to the financial statements | 16-69 |
2
Royal Exchange Plc | |
Unaudited Consolidated Financial Statements for half year ended 30 September | |
CORPORATE INFORMATION | |
Directors: | |
Chairman | Kenneth Ezenwani Odogwu |
Non-Executive Directors: | Chief Anthony Ikemefuna Idigbe (SAN) |
Alhaji Ahmed Rufai Mohammed | |
Mr. Adeyinka Ojora | |
Group Coordinator | Mr. Hewett Benson |
Group Company Secretary | Mazars Ojike and Partners |
Registered Office | 31, Marina, Lagos |
Auditors | Deloitte & Touche |
Bankers: | Access Bank Ltd. |
Diamond Bank Plc | |
Ecobank Ltd. | |
FCMB Ltd. | |
First Bank of Nigeria Limited | |
FSDH Merchant Bank Limited | |
Guaranty Trust Bank Limited | |
Heritage Bank Limited | |
Keystone Bank Limited | |
Royal Exchange Microfinance Bank Limited | |
Polaris Bank Plc | |
Stanbic IBTC Bank Plc | |
Sterling Bank Plc | |
SunTrust Bank Limited | |
United Bank for Africa Plc | |
Union Bank Nigeria Plc | |
Wema Bank Plc | |
Zenith Bank Plc | |
Registrars | Cardinal Stone Registrars Limited, |
3
Royal Exchange Plc | |
Unaudited Consolidated Financial Statements for half year ended 30 September | |
358, Herbert Macauley Street, | |
Yaba, | |
Lagos. | |
RC No | 6752 |
Actuary | Ernst & Young |
FRC /NAS/00000000738 | |
Logic Professionals Services | |
FRC/2021/004/00000022718 |
4
Royal Exchange Plc
Unaudited Consolidated Financial Statements for half year ended 30 September
SHARE DEALING POLICY
1 PURPOSE
- To outline RE's share dealing policy which is applicable to all of its employees, directors, officers, contractors, agents, auditors or audit committee members, consultants and shareholders holding 5% or more of any class of RE's securities (together "Applicable Persons").
- As RE's shares are listed on the Nigerian Exchange Ltd., RE is obliged to comply with the rules of the Nigerian Exchange Ltd., the Investments and Securities Act as well as Securities and Exchange Commission ("SEC") Rules and Regulations 2013 ("SEC Rules"), SEC Code of Corporate Governance for Public Companies 2013,the Companies and Allied Matters Act 2020 ("CAMA"),The Financial Reporting Council of Nigeria Act ("FRCN") (together the "Relevant Securities Laws").
- The Relevant Nigerian Securities Laws imposes restrictions on dealings in the securities of a listed company (which would include shares) to ensure that employees and certain other persons do not abuse, and do not place themselves under suspicion of abusing price sensitive information that they may have or be perceived to have.
- Care must therefore be taken in the timing of any 'Dealing' in RE's shares.
2 THE POLICY
2.1 It is expressly prohibited for any Applicable Person or Connected Person to Deal in RE's shares when:
- they have Inside Information; or
- they are notified by RE that trading is prohibited for a fixed period or until further notice.
- Employee Insiders (as defined below) may not Deal in RE's shares without obtaining clearance to Deal in advance in accordance with paragraph 6 (Clearance to Deal).
- A breach of this Policy constitutes a serious employee disciplinary offence, which could result in dismissal, and may also expose Applicable Persons or Connected Persons to criminal and/or civil sanctions.
- For the avoidance of doubt this Policy is a supplement to, and not a substitute for any of the Relevant Securities Law.
3 DEFINITIONS APPLICABLE TO THIS POLICY The following definitions are referred to within this Policy:
"Connected Persons" include:
- the spouse or civil partner;
- any children (including step-children) under 18 years of age;
- a nominee, including an investment manager managing funds on their behalf;
- a trust of which they, any member of their family, or any family controlled company, are the trustee or beneficiary;
- a person in partnership with them or any of their connected persons mentioned in (a) to (c) above (acting in his or her capacity as such); or
- a company which they or their family control.
'Deal' or 'Dealing' includes:
- any acquisition or disposal of, or agreement to acquire or dispose of the shares of the company;
- entering into a contract (including a contract for difference) the purpose of which is to secure a profit or avoid a loss by
- the grant, acceptance, acquisition, disposal, exercise or discharge of any option to acquire or dispose of any of the shares
- entering into, or terminating, assigning or novating any stock lending agreement in respect of the shares of the company;
- using as security, or otherwise granting a charge, lien or other encumbrance over the shares of the company;
- any transaction, including a transfer for nil consideration, or the exercise of any power or discretion effecting a change of ownership of a beneficial interest in the shares of the company; or
- exercising any other right or fulfilling any obligation, present or future, conditional or unconditional, to acquire or dispose of any securities of the company.
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Royal Exchange plc published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 17:31:02 UTC.