Stockmarket
Goldlink Insurance Plc has assured its shareholders of its commitment to safeguard their investments in the company and retain its listed company status.
This assurance followed the announcement by the Nigerian Stock Exchange, NSE, four months earlier that 21 quoted companies stand to be delisted from its Daily Official List for non-compliance to its post listing rules requirements.
While some of the companies are being delisted for failing to file their quarterly and annual financial reports and accounts with the NSE, some others will face the same fate for failing to regularise their listing status with the Exchange after being given time to do so.
Goldlink Insurance, according to NSE, was pencilled down for delisting for non-rendition of its financial statements.
However, addressing a press conference at the company’s head office in Lagos, the Managing Director/CEO, Goldlink Insurance, Mr. Gbolahan Olutayo, said that efforts to address all issues of statutory compliances and restore the company to the path of normalcy are being vigorously pursued.
He said the company has put adequate measures in place to ensure strict adherence to regulatory compliance and good corporate governance practices.
According to him, an interim management set up by the National Insurance Commission, NAICOM, is taking steps to address all the regulatory concerns so as to forestall final delisting of the company from the Exchange.
He added that as part of mandate to regularise its account with the Exchange, the company has engaged the services of reputable auditors, the KPMG Professional Services, to produce a credible Annual Accounts/Financial Statement for the company in accordance with the International Financial Reporting Standard, IFRS.
“We therefore want to employ this medium to assure our various stakeholders of our commitment to safeguarding their interest. We also seize this opportunity to inform our shareholders of the arrangement to intimate them of the progress so far in the effort to reposition their company,” he assured.
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