Updc PlcNSENG: UPDC

Delay in filing 2024 afs

· MarketScreener

Lagos, Nigeria

7th April 2025

PRESS RELEASE - NOTIFICATION OF DELAY IN FILING OF 2024 AUDITED FINANCIAL STATEMENTS - UPDC PLC

UPDC Pc (the Company) wishes to notify its esteemed shareholders that it was unable to file its Audited Financial Statements for the year ended 31 December 2024 (2024 AFS) within the time stipulated by the Rules of the Nigerian Exchange Limited. This is largely due to the inability to complete the audit before the stipulated time.

The Company is working with its external auditors to wrap up the audit and file the 2024 AFS on or before 11th April 2025.

This press release has been uploaded on the Company's website at www.updcplc.comunder Investment Relations.

Folake Kalaro

Company Secretary

UPDC Plc has a dedicated Investor's Portal on its corporate website which can be accessed via this link: https://www.updcplc.com. The Company's Investors' Relations Officer can also be reached through electronic mail at investorrelations@updcplc.com or telephone on +234 8084403078 for any investment related enquiry.

UPDC PLC RC.321582

UAC House, 1-5 Odunlami Street, Lagos.

info@updcplc.com | www.updcplc.com

Directors: Mr. O. Oshin (Chairman), Mr O. Ojo (CEO), Mr. F. Aiyesimoju, Mr. O. Osilaja, Mr. A. Falade, Ms B. Fadayomi