Listed Capital Pool Company, MCUBE has announced that it has obtained formal approval from the Namibian Stock Exchange (NSX) to delay the publication of its audited financial statements to 15 November 2021.
The company has cited the outbreak of COVID-19 for the delay in the preparation of its financial statements and the completion of its audit process.
MCUBE, in line with NSX Listings Requirements, had been expected to publish its audited financial statements for the year ended 30 June 2020 before the end of September, 2021.
“The MCUBE board of directors would like to apprise its shareholders and the general public that owing to the COVID-19 pandemic that has evolved globally recently, there have been some unforeseen hindrances in the preparation of the MCUBE’s financial statements for the year ended 30 June 2021 and that the audit process is not expected to be completed by end of September 2021. MCUBE has further obtained formal approval from the Namibian Stock Exchange to delay publication of its provisional report, as required in terms of section 3.16 of the Listings Requirements, to 30 October 2021,†MCUBE Executive Director, John Mandy said.
MCUBE was formed in September 2016 as a non-operating cash entity and listed last year to undertake at least one Reverse Takeover, but is still to enter into any negotiation.
Directors of MCUBE are Amos Shiyuka, John Mandy and Bryan Mandy.
