By Modupe Gbadeyanka
The boards of Zenith Bank and United Bank for Africa (UBA) have announced plans to hold meetings to consider their financial statements for the year ended December 31, 2018.
Zenith Bank, in a statement, said its board will hold a meeting on Friday, January 18, 2019 for the results and final dividend payment for the last financial year.
“In line with post-listing requirements of the Nigerian Stock Exchange (NSE) for quoted companies, Zenith Bank Plc hereby informs you that the board is scheduled to meet on Friday, January 18, 2019 to consider the group’s audited financial statements for the year ended December 31, 2018 as well as recommendations for payment of final dividend,” the statement said.
As a result of this development, Zenith Bank has announced a closed period commencing from January 7, 2019 until the release of the results.
During the period, all insiders and their connected persons are prohibited from trading in the shares of Zenith Bank.
On its part, UBA said its own board meeting will take place in Lagos on Monday, January 28, 2019 at 10am.
At the meeting, board members will consider the audited financial results of the company for the period ended December 31, 2018 as well as proposals for final dividend.
Also, UBA said its closed period has commenced from January 7, 2019 to end until 24 hours after the release of the financial statements on the floor of the NSE. As a result, trading in the bank’s shares by UBA directors, persons discharging managerial responsibility, employees with sensitive information, advisers and consultants and their connected persons will not be allowed to trade in the firm’s equities on the stock exchange.
