The Board of Directors’ meeting of Ardova Plc (the Company) earlier scheduled for Thursday, 28 April 2022, to consider, amongst other matters, the Audited Financial Statements for the year ended 31 December, 2021 and the Unaudited Financial Statements for the period ended 31 March 2022 has been postponed. A new date is said to be communicated in due course.
In compliance with the post-listing requirements of Nigerian Exchange Limited (NGX) for listed companies, the previously announced closed period for trading in the Company’s securities, which commenced on 1 January, 2022, shall continue until 24 hours after the release of both results.
In view of the above, the company said no Director, person discharging managerial responsibility, employees with sensitive information, advisers, consultants of the Company and their connected persons may directly or indirectly deal in the securities of the Company during the closed period.
For further inquiry, investors and the public alike have been advised to contact the Oladeinde Nelson-Cole, Company Secretary.
However, in view of this, the Board and Management of Ardova Plc (“the Company”) had earlier informed the NGX, the Company’s shareholders and the general public that the filing of the Audited Financial Statements of the Company for the year ended 31st December 2021 (“2021 AFS”) and the Unaudited Financial Statements for the period ended 31 March 2022 (2022 Q1 UFS) would be delayed.
Accordingly, it was envisaged that the financial statements would be ready and filed on or before 30 April 2022, however, the AFS 2021 is still undergoing an extensive review (audit) by the Company’s external auditors following the acquisition of Enyo Retail & Supply Limited which was concluded on 15 November 2021.
Consequently, the late filing of the 2021 AFS would also affect the timely submission of the 2022 Q1 UFS as the Company is required to file the 2021 AFS prior to filing quarterly accounts. The Company is working diligently to ensure that both results are filed on or before 31 May, 2022.
