UBA notifies NGX, shareholders of delay in publishing half year results

United Bank for Africa Plc has informed the Nigerian Exchange Limited (NGX), its shareholders and the general public that the bank’s half-year (H1) financial statements and reports for the period ended June 30, 2022, submitted to the Central Bank of Nigeria (CBN) is undergoing the required review and approval process.

Consequently, UBA is yet to submit its audited financial statements to the NGX. It noted that the audited financial statements will be published upon receipt of the CBN’s approval, “which is expected to be before Friday, September 9, 2022.”

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United Bank for Africa Plc has in continuing compliance with the post listing requirements of Nigerian Exchange Limited for quoted companies declared that the closed period for trading in the bank’s shares would subsist in respect of the 2022 half-year financial statements and reports for the period ended June 30, 2022.

Accordingly, no director, person discharging managerial responsibility, employee with sensitive information, adviser, and consultant of the bank and their connected persons may directly or indirectly deal in the securities (shares and bonds) of the bank until 24 hours after the release of the 2022 half-year financial statements and reports for the period ended June 30, 2022.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.