By Modupe Gbadeyanka
United Bank for Africa (UBA) Plc has announced the commencement of the closed period for trading its shares on the Nigerian Stock Exchange (NSE) on Wednesday, January 11, 2017.
This is in preparation for the release of its 2016 fourth quarter (Q4) Accounts and Financial Statements for the period ended December 31, 2016 to the NSE as required.
In its notice to the NSE today, UBA said, “no Director, person discharging managerial responsibility, employees with sensitive information, advisers and consultants of the Bank and their connected persons may directly or indirectly deal in the securities (Shares and Bonds) of the Bank until the 24 hours after the release of the Audited Accounts and Financial Statements of the Group for the period ended December 31, 2016 to the Nigerian Stock Exchange and by extension, the general public.”
Business Post correspondent reports that quoted companies on the NSE are mandated to adhere to this post-listing requirement to prevent insider trading by any party who might be privy to any negative and or positive information about the financial status of the company.
more recommended stories
Microfinace Bank Staff in Trouble Over Customers’ FundsBy Ahmed Rahma Two employees of.
First Bank: Setting the Pace in World Class Banking Services, Citizen Empowerment and Social Intervention in Africa and BeyondForemost Financial Institution, First Bank of.
Stanbic IBTC Supports Businesses with Bouquet of SolutionsStanbic IBTC Holdings has highlighted its.
First Bank Introduces Virtual Payment Card for Seamless TransactionsBy Modupe Gbadeyanka A Naira denominated.
Access Bank Improves Customer Complaint ChannelsBy Aduragbemi Omiyale One of the.
Bank Shows Business Owners Ways To Minimise RiskBy Ahmed Rahma A leading financial.
First Bank’s FirstMonie Agents Process Over N9.6trnBy Ahmed Rahma Over N9.6 trillion.
Keystone Bank Adds More Features to KeyMobile AppBy Modupe Gbadeyanka Customers of Keystone.
Leave a Comment