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    Fidelity Life Assurance granted permission to defer FY results to May

    HARARE – The local bourse has approved the deferment of Fidelity Life Assurance full year results from month end to 31 May 2021.

    Previously a number of listed firms failed to beat the deadline of up to end of April to release their financial results due to the prolonged Covid-19 induced lockdowns.

    “The Directors of Fidelity Life Assurance Zimbabwe Limited wish to advise all shareholders and the investing public that the Company has sought and received approval by the Zimbabwe Stock Exchange to postpone publishing of the company’s financial statements for the year ended December 2020 from 30 April 2021 to 31 May 2021,” the company said in a notice to shareholders.

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    The company recently completed a comprehensive exercise to separate its Pooled Fund of assets between policyholders and shareholders to ensure greater transparency and compliance with the requirements of the Insurance Act (Chapter24:07) and the Pensions and Provident Act (Chapter 24:09).

    “We, therefore, are required to restate our previously published results for 2018 and 2019 to reflect the outcomes of the Asset Separation exercise and this has led to a delay in the publishing of our 2020 financial statements.”

    On Monday the Small Cap Index recovered 1.90% to 44,054.33pts on Fidelity which gained 8.18% to 595.00c.

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