FBN Holdings Plc has announced that its board of directors would meet on Thursday, July 29, 2021 to consider the company’s unaudited Financial Statements for the half year period ended 30th of June, 2021.
The firm also announced that it would observe its closed period from July 1, 2021 until 24 hours after the half year accounts are filed with the Nigerian Exchange Group Limited.
The aforementioned disclosures are contained in a notice signed by the company’s secretary, Seye Kosoko and uploaded at the website of The Exchange.
According to the notice, the announcement of a close period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). The closed period allows the board to consider the company’s financial statements for the aforementioned period. Other company issues will also be discussed during the meeting.
What is a closed period?
A closed period is a period prior to the release of a company’s result or financial statement, when those with material information that could influence the firm’s share price are prohibited from trading. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information.
For more information about the board meeting, click HERE.