PRESS RELEASE ON LATE SUBMISSION OF 2017 AFS, Q1 AND Q2 2018 INTERIM ACCOUNTS

Veritas Kapital Assurance Plc wishes to notify its valued shareholders, key stakeholders and the investing public that the suspension of trading in the Company’s shares as announced by the Nigerian Stock Exchange on 5th July, 2018 was as a result of delay in filing the 2017 Audited Financial Statement of the company with the Exchange at the due date.

Due to the delay in filing the 2017 Audited Financial Statement, the Company is unable to file its Unaudited Financial Statements (UFS) for the periods ended 31 March 2018 and 30 June 2018.

The Company has submitted its 2017 Audited Financial Statement to its Primary Regulator, National Insurance Commission (NAICOM) and is awaiting approval.

As soon as approval is obtained from NAICOM, the accounts would be filed with the Nigerian Stock Exchange and the suspension of trading in the company’s shares would be lifted.

This publication can also be found on the company’s website: www.veritaskapital.com