Japaul Gold and Ventures Plc released its financial results for the half year period ended 30th of June, 2021.
See link to results.
Japaul Gold and Ventures Plc released its unaudited financial results for the period ended June 30, 2021.
See link to results.
Japaul Gold & Ventures Plc has announced that it will be hosting a Virtual Board of Directors Meeting via Zoom Platform on the 14th day of September, 2021 by 10:00am.
This is according to a disclosure signed by the company’s secretary, Michael Edeko, and sent to the Nigerian Exchange Limited (NGX).
According to the notice, the meeting will enable the Board Directors to receive and consider the company’s financial statement for the period ended 30th of June, 2021. Decisions reached at the meeting will be subsequently communicated.
In addition, the firm also announced a closed period from 1st of July, 2021 until 24 hours after the company’s financial statement and outcome of the board meeting have been made public in line with the Rulebook of the Nigerian Exchange Limited.
In the closed period, insiders with material information that could influence the share price, comprising of directors, managers, employees, advisers, consultants, etc., and their connected persons are prohibited from directly or indirectly dealing in the securities of the company
Here is a link to the notice.
The Management of Japaul Gold and Ventures Plc (formerly known as Japaul Oil and Maritime Services Plc), has notified stakeholders of its inability to meet up with the regulatory time frame earmarked for the submission of its Unaudited Financial Statements for the second quarter of the year ended 30th of June, 2021.
This is according to a notice signed by the legal officer of the company, Babatunde Adewale, and sent to the Nigerian Exchange Group Limited (NGX).
According to the disclosure, the company was unable to meet up with the regulatory due date of 30th of July, 2021 due to an ongoing business diversification process which has not been finalized. In line with this reality, the firm sought and obtained the approval of NGX Regulation Limited (NGX RegCo) for an extension of time to file the accounts on or before 29th of September, 2021.
In addition, the company seized the opportunity to apologize for any inconveniences the delay might cause. It also reiterated commitments to ensuring that the accounts are filed within the extended timeframe granted by NGX RegCo.
Rationalizing the on-going diversification move, the firm noted that it is part of a strategic engagement aimed at repositioning the firm, from a loss position to a consistent and sustainable profit inclined position.
What you should know:
Japaul Gold and Ventures Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
Japaul Gold and Ventures Plc released its full-year audited financial statements for the year ended 31st December, 2020.
See link to results.
The Board of Japaul Gold and Ventures Plc has rescheduled its Board meeting originally scheduled to hold on the 30th of March to 1st of June, 2021
This is according to a recent disclosure by the company which reads: ‘’Please be informed that the Board Meeting earlier scheduled pursuant to the approval obtained from the Exchange to hold on the 30th March, 2021 to receive and consider the Audited Financial Statements of the company for the period ended December 31, 2020 has been rescheduled for the 1st June, 2021.’’
On the other hand, despite the shift in the date for the board meeting, the firm however did not adjust its close period. It maintained its earlier stance that the close period remains 27th of March, 2021.
Recall that Japaul Gold had earlier announced that it will hold a virtual board meeting on the 30th day of March, 2021 by 10:00am. The meeting which is scheduled to be held via zoom is expected to consider among other things, the audited financial statements of the firm for the period ended December 31, 2020.
The firm in April 2021 notified shareholders and other relevant stakeholders, of its inability to file its audited financial statements for the year ended 31 December 2020 as expected which was due for submission on the regulatory date of 31st of March, 2021. The firm attributed this delay to the impact of the COVID-19 pandemic which slowed down the company’s operational bases and as a result of which key officers are indisposed.
It is pertinent to note that the firm is yet to release its FY 2020 results. In this regard, the firm assured stakeholders that the audit exercise is still in process and that all measures will be taken to ensure that the result is filed in good time.