FBN Holdings Plc (“FBNH”) has notified The Nigerian Stock Exchange that FBNH and its subsidiaries are currently going through an audit of its nine months results for the period ended 30th September 2013. The Company informs that it and its subsidiaries, has chosen to audit the financial statements to ensure that the Holding Company, a non-operating entity sharing the same December year end as its subsidiaries, receives dividend income from its subsidiaries in Year 2013.
This will in turn enable FBNH pay dividends to shareholders from its 2013 financial results.
FBNH informs that it has concluded the audit process, and has submitted its audited financial statements to the Central Bank of Nigeria (CBN) for approval. It states that once CBN’s approval to the audited financial statements is obtained, FBNH will be in a position to submit the account to The Nigerian Stock Exchange in line with the company’s listing obligations.
The company therefore requests for a two-week extension of the submission deadline from 13th December 2013 within which period FBNH expects to receive CBN’s approval