Presco Plc (Nigeria) – Notification of delays in filing of financial results

By Published On: May 13th, 2022Categories: Corporate announcement

This is to notify the shareholders of Presco PLC (the Company), Nigerian Exchange Limited (the Exchange) and the investing public that the Audited Consolidated Financial Statements of the Company for the year ended 31 December 2021 and the 2022 Q1 Unaudited Financial Statements of the Company have not been filed by the due date of 30 April 2022.

The delay in filing the Audited Consolidated Financial Statements of the Company for the year ended 31 December 2021 and the 2022 Q1 Unaudited Financial Statements of the Company for the three months ended March 31, 2022 was due to the need to consolidate the financial statements of Presco PLC and Siat Nigeria Limited (SNL), the newly acquired subsidiary of Presco PLC.

The Directors have assessed the status of work on the conclusion of the audited financial statements of the Group for the year ended 31 December 2021 and the unaudited consolidated financial statements of the Group for the three months ended March 31 2022 and believe that the accounts would be ready for uploading on or before May 17, 2022 and May 18, 2022 respectively.

The Company’s closed period restricting insiders from transacting in the shares of the Company commenced on January 1, 2022 and will continue until 24 hours after the release of the audited financial statements for the year ended 31 December 2021 and the unaudited financial statements for the three months ended March 31, 2022 to the public.

Accordingly, no Director, employee, person discharging managerial responsibility, advisers, consultants of the Company and their connected persons may directly or indirectly deal in the shares of the Company during the closed period.

NOTE: This Press Release can be found in the Latest News, Under Home Page of Presco PLC website

By Order of the Board

Patrick Uwadia, Esq
Company Secretary


 

Presco Plc (PRESCO.ng)

Share price: 158.40 NGN (0.00 | 0.00% – 12/08/22)

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