By Modupe Gbadeyanka
Ahead of the release of its earnings for the half year 2018, tier-2 lender, Fidelity Bank Plc, has announced the closed period for the trading of its shares on the floor of the Nigerian Stock Exchange (NSE).
A statement dated August 20, 2018 disclosed that the restriction in the trading of its securities by its directors or those who have sensitive information that could sway the value of the equities commenced on August 22, 2018.
This restriction will remain effective until the company finally releases its financial statements for the first half of this year.
“This is to inform the Nigerian Stock Exchange and the investing public that in line with Fidelity Bank Plc’s Insider Trading Policy and the extant Issuers’ Rules, all insiders and their connected persons are prohibited from trading (i.e buying, selling, transferring or otherwise dealing) in the bank’s shares from August 22, 2018 until the audited Half-Year 2018 financial accounts are released on the floor of the Nigerian Stock Exchange,” the statement said.
