Notification of Delay in the Release of African Alliance Plc Audited Financial Statement

Posted on: 7th Jul 2020

African Alliance Insurance Plc wishes to notify its esteemed shareholders and other stakeholders that the Company’s Audited financial statements for the year ended 31st December 2019 (AFS) together with the Unaudited financial statements for the period ended 31st March 2020 could not be filled within the period of the extension granted by the Nigerian Stock Exchange (30th June 2020).

However, the Company has since concluded with the auditing of its accounts and has submitted the same to its primary regulator (the National Insurance Commission) for approval. Regretfully, the Company is yet to obtain the approval of NAICOM, hence the delay.

We sincerely regret any inconvenience that the anticipated delay may occasion to our esteemed shareholders and investing public at large. Please be reassured that the Management of the Company is working assiduously in following up with NAICOM to ensure that the said accounts are filed with the Exchange on or before 30th July 2020 or immediately the Commission (NAICOM) grants approval; whichever is earlier.

Thank you.