By Modupe Gbadeyanka
The board of directors of Access Bank Plc has announced that it would have a crucial meeting next month for the consideration of the company’s financial statements for the year ended December 31, 2019.
The meeting, according to a statement issued on Monday by the lender and posted on the website of the Nigerian Stock Exchange (NSE), is slated for Wednesday, January 29, 2020.
“This is to inform the Nigerian Stock Exchange (NSE) that a meeting of the board of directors of Access Bank Plc has been scheduled for Wednesday, January 29, 2020 to consider and approve the group’s audited financial statements for the financial year ending December 31, 2019,” the statement said.
Access Bank further said that as a result of this forthcoming board meeting, it is restricting those who have vital information concerning the company’s books from trading its shares at the stock market.
“No director, employee, person discharging managerial responsibility and adviser of the company and their connected persons may directly or indirectly, deal in the shares of the company in any manner during the closed period,” the statement noted.
It stated further that this decision was compliance with Rule 17.2 of the Amendment to the Listing Rules of the Nigerian Stock Exchange, noting that the closed period will begin this Wednesday.
“The company has in compliance with Rule 17.2 of the Amendment to the Listing Rules of the Nigerian Stock Exchange declared a closed period in respect of transactions on its securities from January 1, 2020 to such date as will be subsequently announced (both days inclusive),” the lender said.
