Stanbic IBTC Holdings notifies NGX of releasing H1 2021 audited results

By Kayode Tokede

Stanbic IBTC Holdings Plc has notified the Nigerian Exchange Limited (NGX) and esteemed stakeholders of its decision to release audited half year financial result and accounts for period ended June 30, 2021.

The company Secretary, Stanbic IBTC Holdings, Mr. Chidi Okezie in a signed statement on Wednesday, expressed that the market should be expecting the H1 2021 no later than August 29, 2021.

The statement reads, “This is to notify NGX Regulation Limited (NGX RegCo) as well as our Esteemed Stakeholders that our Board of Directors has decided to audit the Half Year Financial Results of Stanbic IBTC Holdings.

“Accordingly, the Audited Results for the Half Year Ended 30 June 2021 will be presented to the Central Bank of Nigeria (CBN) for approval, following which the said Financial Statements will then be released to the Market no later than 29 August 2021.

“The above is in compliance with Section 1.1.3 of the Rules for filing of Accounts and Treatment of Default Filing, Rule Book of The Exchange (Issuers Rule) which states that “An issuer that chooses, in addition, to audit its quarterly accounts shall file such accounts not later than 60 calendar days after the relevant quarter.”

“Having duly notified NGX RegCo of this development, the Management of Stanbic IBTC wishes to notify the investing public that the Company will aim to publish its 2021 Audited Half Year Results on or before 29 August 2021 in accordance with the extant Rules of NGX Regulation Limited as cited above.”

Our correspondent gathered that the share price of Stanbic IBTC Holding traded flat at N39.55 per share on Wednesday.