Zimbabwe’s primary equities market, the Zimbabwe Stock Exchange has granted listed companies whose financial results were due to be released at the end of this month, a 30-day reprieve.
This means the companies should have published these results by the end of April.
This is after companies approached the local bourse over the matter, as their timelines had been significantly affected by the second Covid-19 necessitated lockdown that was implemented in January 2021.
“Issuers whose half-year and full-year financial period ended on 31
December 2020 and are due for publication by 31 March 2021 are hereby granted a 30-day compliance grace period to 30 April 2021,” said the ZSE.
“Issuers who can meet the statutory deadlines, despite the foregoing
are encouraged to comply as usual.”
All things being equal, ZSE listed companies are allocated 3 months within which to publish their financial results following the end of their financial period.
Numerous firms on the bourse have their financial period ending in December.