Letshego Holdings Limited (“LHL” I “the Company” I “Letshego Group”) was incorporated in 1998, is headquartered in Gaborone and has been publicly listed on the Botswana Stock Exchange (BSE) since 2002. Letshego is an inclusive finance focused Group with microfinance banking and consumer lending subsidiaries across eleven countries in sub-Saharan Africa.
Letshego published its unaudited reviewed condensed consolidated financial statements for the year ended 31 December 2019 on the BSE on 2 March 2020. In terms of the rules of the BSE, Letshego is required to publish its audited consolidated financial statements for the year ended 31 December 2019 on or before 31 March 2020.
The Letshego Group Audit Committee and Board met on 25 March 2020 to review and approve the audited consolidated financial statements for the year ended 31 December 2019.
It was intended that these would be published on the BSE on 31 March 2020. On 30 March 2020, EY, the Independent External Auditors of the Letshego Group, informed Letshego that it would not be able to complete their review of the audited financial statements, and therefore issue their audit opinion, due to additional disclosures needed to be included in the audited financial statements around subsequent events and related notes specifically relating to Covid 19. This is due in the main to the impact of the lockdown in South Africa where the EY Technical IFRS team is based.
The Board therefore informs Shareholders that the audited consolidated financial statements for the year ended 31 December 2019 are now expected to be published on or before 30 April 2020.
There are no changes to the financial results as published on 2 March 2020.
There is no change to the dividend announcement that was made on 2 March 2020 and the final gross dividend for 2019 of 7.7 thebe will be paid on or around 11 May 2020.
For and on behalf of the board