In terms of rule 39 (1) of the Securities and Exchange (Zimbabwe Stock Exchange Listings Requirements) Rules, 2019, listed companies are required to publish audited financial statements not more than three months after the end of every company’s financial year. In terms of the Listing Rules, ZB Financial Holdings Limited (the Group) was required to publish its audited financial statements for the financial year ended 31 December 2020 by no later than 31 March 2021. However, the Zimbabwe Stock Exchange (ZSE) afforded all listed companies an extension to publish their results by 30 April 2021. The Group was unable to publish its audited financial statements by 30 April 2021 and was granted an extended period to 31 May 2021.

Despite best efforts to ensure results were published by the 31st of May 2021, the Group was unable to publish as the audit process is yet to be finalized.

The Group sought, and obtained, the approval of the ZSE to defer the publication of the audited financial statements for the year ended 31 December 2020 by no later than 30 June 2021.

T.F.A. MASIIWA
GROUP COMPANY SECRETARY