DELAY IN FILING 2019 1ST QUARTER ACCOUNTS FOR THE PERIOD ENDED 31 MARCH, 2019

Veritas Kapital Assurance Plc (the Company) wishes to inform the Nigerian Stock Exchange (The Exchange), its valued shareholders, investing public and key stakeholders that the Company will be unable to meet the deadline of 30 April, 2019, to file the Unaudited Financial Statements (UFS) for the Period ended 31 March 2019 (2019 Q1 UFS).

Kindly recall that the Company is yet to file its Audited Financial Statements for the Year ended 31 December 2018 (2018 AFS) which delay was occasioned by the adoption and implementation of the IFRS 9 dealing with Financial Instruments and IFRS 4 (as amended) on insurance contracts. Consequently, the delay in filing the 2018 AFS has affected the filing of the 2019 Q1 UFS with The Exchange as at when due.

Veritas Kapital Assurance Plc apologises for this delay and assures its shareholders and stakeholders of its commitment to ensure the submission and publication of the 2019 Q1 UFS on or before 29 July, 2019.

 

This information is also available on our corporate website: www.veritaskapital.com.

For: VERITAS KAPITAL ASSURANCE PLC

Polycarp O. Didam

Managing Director/CEO