COVID-19: NSE Extends Time to File Financial Results

COVID-19: NSE Extends Deadline for Listed Companies to File Financial Statements

The Nigerian Stock Exchange has extended the period in which listed companies have to file their audited financial statements for the year ended December 31 2019 and the first quarter.

In the circular released on the exchange website, the bourse said the 60 days grace period given to listed companies in the circular issued on 23 March 2020 has now been revised to 29 May 2020.

“We refer to The Nigerian Stock Exchange’s (The Exchange) Circular of 23 March 2020, with reference number NSE/RD/LRD/CIR5/20/03/23 wherein Listed Companies were granted a sixty (60) day grace period for the submission of their Audited Financial Statement for the year ended 31 December 2019. Please be reminded that the revised due date for Listed Companies in this category is 29 May 2020,” the exchange stated in the circular.

“Following on the said circular, The Exchange has also decided to extend the due date for the submission of the Audited Financial Statements for Listed Companies with 31 March year-end by sixty (60) days from 29 June 2020 to 28 August 2020.

“Further to the provisions of Rule 17:20 (g): Financial Reporting and Periodic Disclosure, Rulebook of The Exchange, 2015 (Issuers’ Rules) which states that “an Issuer shall not announce its Interim Accounts without having first filed its last Audited Financial Statements and any contravention of this provision shall be deemed to be an unauthorized publication under the Rules”, a sixty (60) day extension is also hereby granted for the submission of quarterly returns.”