Goldlink Is Healthy, Declares NSE

Yemis Izuora
Goldlink Insurance plc
Shareholders of Goldlink Insurance have expressed confidence in the management of Goldlink Insurance Plc following the verdict of the Nigerian Stock Exchange (NSE) that the finances of the company is firm.

The company faced near liquidation when its finances were mismanaged by previous management prompting the industry regulator, the National Insurance Commission (NAICOM) to replace the management team.

Recently the company was touted to be among those pencilled down by NSE to be delisted from the market.

However, after assessing its current performance the NSE issued a clean bill of health to Goldlink Insurance Plc following a quick response from its Management to the warning list issued by The Exchange to delist some companies from the NSE in which Goldlink was mentioned.

The clearance was contained in a recent Press Release by the NSE on its website on Tuesday, October 14, 2014 which totally cleared Goldlink from the list of companies to be delisted.

It will be recalled that NSE posted list of companies to be delisted on its website in September last year.

However, the Exchange said that 19 other companies are currently regulating their books with the NSE to avoid being delisted.

According to NSE, other listed companies that failed to take any/or appropriate steps to regularise their books have been delisted from the Stock Exchange following the expiration of the deadline it gave before taking the final decision.

Goldlink Insurance Plc has reassured its shareholders of its commitment to secure their investments in the company.

According to the Managing Director/CEO, Mr. Gbolahan Olutayo, quantifiable measures are in place to ensure that all requirements of statutory compliance are adhered to.

Olutayo disclosed that all hands are on deck to ensure better returns on the investment of shareholders. He stated that the National Insurance Commission, NAICOM, has addressed all challenges confronted by Goldlink in the past.

Olutayo reassured the shareholders that plans are in place to acquaint them with progressive reports of efforts made so far to reposition the company for effective service and better returns on their investments.

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