Oando PLC (“Oando” or the “Company”) announces that the Company’s Audited Financial Statement for the year ended 31st December 2019 (“2019 AFS”) are yet to be finalised and will not be in a position to file the 2019 AFS before end of Q1 2022 as earlier communicated in our press release of February 3, 2022.
The audit is taking longer than expected due to the mandatory audit of post balance sheet events that have occurred subsequent to the 2019 reporting period. We hereby confirm that the 2019 audit is in the finalization stage. We envisage that the board of directors will be able to approve the 2019 AFS on or before April 30, 2022. Following the approval, management and the auditors will approach the Financial Reporting Council for final approval and release of the financial statements.
Tentative dates for the release of other outstanding accounts such as 2020 AFS and the unaudited financial accounts for Q1-Q4 2021 are as follows:
The Company sincerely apologises for any inconvenience caused as concerted efforts are being made to finalise the accounts with the external auditors and to ensure that the Company is in full compliance with its regulatory requirements. The Company will continue to comply with other continuous disclosure requirements within the time prescribed by applicable regulations.
Ends.
