JAIZ Bank Plc has announced that its board of directors would meet on Tuesday, August 24, 2021 to consider among other things, the appointment of new directors into its board.
Consequently, the firm also announced that it would observe its closed period from August 6, 2021 until the outcome of the meeting is published with the Nigerian Exchange Group Limited.
This is according to a disclosure signed by the Bank’s secretary, Rukayat Dahiru and sent to the Nigerian Exchange Group Limited (NGX).
Accordingly, the announcement of a closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.
What you should know:
- JAIZ Bank Plc had earlier posted an impressive half year performance, recording an 83% increase in its profit after tax figures for the period ended June 30, 2021 (HY, 2021). During the aforementioned period, the bank posted a PAT of N1.99 billion.
- The bank closed trading for the week ended 6th of August, 2021 with a share price of 62 kobo.
For more information about the board meeting, click HERE.