DAAR Communications Plc has stated that its board has not approved or implemented any changes to the company’s shareholding structure through any statutory process.
The clarification follows an earlier report in which the Corporate Affairs Commission denied that its records were manipulated following a cyberattack.
This was disclosed in a notice submitted to the Nigerian Exchange and signed by the company’s secretary, Jennifer Egbaran.
DAARCOMM has stated that any variations currently reflected on the CAC portal do not correspond with the company’s official records and are still under review, in ongoing engagement with the relevant authorities.
The company also disclosed that it had earlier informed the NGX, the Securities and Exchange Commission and the CAC about discrepancies identified in its shareholding records on the CAC portal.
“The Company notes that the publication references statements attributed to the Corporate Affairs Commission (CAC) regarding its records. DAARCOMM neither authorised nor contributed to the publication.
‘’The Company had previously notified Nigerian Exchange Limited (NGX), the Securities and Exchange Commission (SEC), and the Corporate Affairs Commission (CAC) of discrepancies observed in its shareholding records on the CAC portal.
‘’For clarity, no changes to the Company’s shareholding structure have been approved by the Board or effected through the applicable statutory processes.
‘’Any variance currently reflected on the CAC portal does not align with the Company’s records and remains subject to ongoing review and engagement with the relevant authorities,” DAARCOMM stated.
DAARCOMM had confirmed that all filings submitted to the CAC were made in full compliance with applicable laws and regulatory requirements.
The company said it will continue to maintain a transparent and cooperative relationship with its regulators, including the Securities and SEC, CAC, and the NGX), while engaging through official channels to resolve the identified discrepancies.
DAARCOMM also noted that its operations remain stable and uninterrupted, adding that all broadcast, commercial, and digital activities across its platforms are continuing efficiently, with no adverse impact arising from the issues referenced in the report.
The company also reiterated its commitment to the highest standards of corporate governance, stating that it continues to operate in full compliance with the Companies and Allied Matters Act (CAMA 2020) and other applicable regulatory requirements.
It stated, ‘’The Company remains committed to the highest standards of corporate governance and continues to operate in compliance with the Companies and Allied Matters Act (CAMA 2020), the Nigerian Code of Corporate Governance (NCCG), and all applicable regulatory requirements.’’
