Guaranty Trust Bank Plc, has notified the Nigerian Stock Exchange (NSE) of late filling of its half year results for period ended June 30, 2016.
This will be the second bank seeking for extension for submission of half year result. Access Bank, last week notified the NSE of late submission of its result.
Companies having June 30, 2016 as their half year have September 30 as deadline and are given a month’s grace to file their result, which is October 31.
However, the shareholders of Guaranty Trust Bank may received interim dividend for the year 2016.
According to the bank’s head, Legal Group, Erhi Obebeduo, in an information sent to the NSE said, pursuant to the post listing requirements of the NSE for quoted companies, we hereby inform you that the board of directors of our bank is scheduled to meet Wednesday, July 30, 2016.
Obebeduo noted that, the bank required to forward the audited accounts to the Central Bank of Nigeria (CBN) for approval, prior to the release of the results on the floor of the NSE.
He pledged to notify the bourse of the decisions reached after the approval of the CBN is obtained.
“In the light of the foregoing, we hereby seek for extension of time to submit the banks half year audited financial statements not latter than September 30, 2016,” Obebeduo requested.
GTBank, one of the few listed companies on the NSE that rewarded shareholders with interim dividend, paid N0.25 kobo interim dividend in 2015 and additional N1.52 kobo as final dividend also in 2015.
The share price of the bank stood at N22.59 at the end of yesterday’s trading, as it plunged by 96 kobo from the N22.81 at which it opened.
The board of directors however set to meet Wednesday, July 30, 2016 to discussed issue relating to interim dividend, 2016 half year results and other matters.
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