National lockdown delays ZHL’s audit process
ARARE, ZIMRE Holdings (ZHL) says the national lockdown has delayed the group’s audit process, hence will not be able to publish its 2019 financials by April 30, 2020.
Government instituted a national lockdown to contain the spread of the novel Corona Virus (COVID- 19), through Statutory Instrument (SI) 83 of 2020 and subsequent extension through SI 93 of 2020.
“ZHL therefore wishes to advise its shareholders and members of the public that as a result of the above, the Group will not be able to publish its 31 December 2019 Financial Statements by 30 April 2020 as advised in the Announcement of 24 March 2020.”
The Group has sought and received reprieve from the Zimbabwe Stock Exchange and shall endeavour to publish the same by 29 May 2020.
“ZHL wishes to thank its valued shareholders and the public for their continued patience and understanding during these unprecedented times.”