First Mutual Holdings Notice to Shareholders: Publication of Q3 interim results

November 14, 2019|

In line with section 35(4) of the Securities and Exchange (Zimbabwe Stock Exchange Listings Requirements) Rules, 2019, interim reports are normally expected to be published on the company’s website and the Zimbabwe Stock Exchange (ZSE) Data Portal within 45 days after the end of the first and third quarters of each financial year.

Shareholders are advised that the Company intends to publish its third quarter financials on its website and on ZSE Data Portal on or before 15 December 2019.

The extension, which has been approved by the ZSE, has been necessitated by the requirement to prepare and present financial statements that comply with Financial Reporting in Hyperinflationary Economies Standard (IAS 29). Following the suspension of the publication of year-on-year inflation data by the Ministry of Finance and Economic Development, the Institute of Chartered Accountants of Zimbabwe has undertaken to provide guidance with regards to inflation indexing. As there is need for the market to use uniform indexing information for comparability purposes, the Company has delayed the publication of its third quarter interim report pending receipt of this guidance.

SHEILA LORIMER
Group Company Secretary

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The Group has more than a hundred years of serving Zimbabwe by provision of economic dignity though its strategic business units. We have diverse interests in life assurance, health insurance, short term insurance; short term re-insurance; long term re-insurance; wealth management, property sector, funeral services and microfinance housed under the following subsidiaries; First Mutual Life, First Mutual Health, NicozDiamond Insurance, First Mutual Reinsurance, FMRE Property & Casualty (Botswana), First Mutual Wealth Management, First Mutual Properties, First Mutual Funeral Services and First Mutual Microfinance. First Mutual Holdings Limited is listed on the Zimbabwe Stock Exchange.

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