Ardova Plc (NGX: ARDOVA) has said that the filling of the company’s audited financial statements for the year ended December 31, 2021 would be delayed.
This was disclosed by the company in a press release signed by Oladeinde Nelson-Cole, Company Secretary and published on the Nigerian Exchange.
“This delay is occasioned by the Company’s recent acquisition of Enyo Retail & Supply Limited which was concluded on 15 November 2021 and the incorporation of Ardogreen Energy Limited concluded on 6 December 2021, a joint venture for the exploration of a marginal field partly awarded to Ardova Plc by the Nigerian Upstream Regulatory Commission (NURC),”the press release read in part.
It stated that necessary steps would be taken by the company to ensure that the audited financial statements were filed on or before April 30, 2022.
The equity price of Ardova Plc closed at N11.55 per share on Monday on the floor of the Nigerian Exchange. YTD the share price is down 11.15%.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.