Lagos, 6th March, 2024.

ANTICIPATED LATE SUBMISSION OF AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER, 2023 AND THE UNAUDITED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDING 31ST MARCH 2024.

Prestige Assurance Plc ("the Company") wishes to inform its esteemed Shareholders and the investing public that the Company's Audited Financial Statements (AFS) for the year ended 31st December, 2023 and the Unaudited Financial Statements for the first quarter ending 31st March 2024 (UFS Q1 2024) may not be filed within the regulatory due date of 31st March, 2024 and 30th April 2024 respectively, as required under the Rules of the Nigerian Exchange Limited (NGX).

This is as a result of unforeseen delays occasioned by the Company's first time adoption of the International Financial Reporting Standards (IFRS 17) in the preparation of its Audited Financial Statements for the year ended 31st December, 2023. This adoption is pursuant to the directive issued by the primary regulator, the National Insurance Commission (NAICOM), with effect from 1st January 2023.

All efforts are geared towards expediting the process and the Company is optimistic that the Audited Financial Statements for the year ended 31st December, 2023 and the UFS Q1 2024 will be filed on or before 31st May, 2024.

The Board of Directors and entire Management of Prestige Assurance Plc sincerely apologize for any inconvenience this delay may cause to our esteemed Shareholders and various Stakeholders.

Chidinma Ibe-Louis

Company Secretary

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Prestige Assurance plc published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 15:43:07 UTC.