Ardova to file 2021 audited account statement
Ardova Plc has allayed concerns of stakeholders on the recent suspension of trading of the company’s securities on the Nigerian Exchange Limited (NGX) over the late filing of its 2021 audited financial statements.
In a statement signed by the company Secretary, Oladeinde Nelson-Cole on the development, the company said the delay in submission was primarily due to the accounting reconciliations that followed the acquisition of Enyo Retail and Supply Limited (ERSL), a transaction which was concluded in November 2021.
“Enyo’s accounting has now been harmonized with the IFRS accounting standard already in place at Ardova Plc, following which the group’s consolidated financial statements were completed and duly audited.
“These audited financial statements were approved by Ardova’s Board of Directors
following its meeting on 29 June, 2022, and will be filed with the NGX on or before July 8, 2022.
“In accordance with NGX rules, we expect that the suspension of trading will be lifted upon submission. The board and management apologize for inconvenience caused by this administrative circumstance.”
The company further reassured stakeholders of its committed to operate with the highest standards corporate governance and compliance principles.