The board of United Bank for Africa (UBA) Plc has disclosed that it would not able to submit the company’s financial statements for the period ended June 30, 2019 at the required time.
Firms listed on the Nigerian Stock Exchange (NSE) are expected by the listings rules to file their half year reports on or before July 31, which is 30 days after the end of the period.
But UBA, in a statement issued on Tuesday, said it would not be able to do meet this deadline.
This is because the company is auditing the half year financial statements before being forwarded to the Central Bank of Nigeria (CBN) for approval.
In a statement signed by Bili Odum, its group company secretary, United Bank for Africa Plc said it wishes to inform the Nigerian Stock Exchange, its shareholders and the investing public that in line with prior years, the 2019 half year results of the bank are being audited.
“Consequently, the audited 2019 half year financial results will be published beyond the Nigerian Stock Exchange (NSE) deadline of July 30, 2019 for filing the half year financial results.”