Kenya Power has issued a notice that it will delay the publications of its financial statements for the year ended 30th June 2019. As a result, the company has postponed its annual general meeting to a later date in 2020.
The delay in releasing financial results is due to the ongoing process of appointing the auditor general.
The office of the auditor general has been vacant after Edward Ouko’s tenure ended on August 27.
“…we hereby notify our esteemed shareholders and investing public that the office of the auditor general has advised us that the selection and appointment of the Auditor general will not be completed by 30th November 2019,” read a statement from the company secretary.
SEE ALSO: Kenya Power to Delay Publication of Financial Results
The company will therefore not hold its annual general meeting before December 31 as per the Companies Act. Kenya power will communicate the new date of the AGM.
“On this account, notice is hereby given that the 98th Annual General Meeting of the Company’s shareholders that was scheduled before 31st December has been postponed to a later date to be communicated in due course.” read the statement.
