By Dipo Olowookere
The board of Transcorp Hotels Plc has filed a notice to the Nigerian Stock Exchange (NSE) on its intention to commence a closed period ahead of the release of its financial statements from the third quarter of this year.
In the disclosure on Friday, the hospitality firm said the closed period will commence from Monday, September 30, 2019 till 24 hours after the release of the nine-month earnings.
After the commencement of the closed period, which prohibits the trading of company’s shares by members of the board and top management team, a meeting of the board would hold in October.
According to the statement issued by Transcorp Hotels yesterday, the board meeting, its 68th edition, will specifically take place on Tuesday, October 15, 2019.
“The board of directors of Transcorp Hotels Plc has scheduled its 68th board meeting to hold on October 15, 2019 to consider among other things the unaudited financial statements of the company for the third quarter ended September 30, 2019,” the notice said.
“Consequently, the company hereby notifies the Nigerian Stock Exchange of the commencement of a closed period from September 30,2019 until 24 hours after the release of the company’s third quarter 2019 financial statements.
“All Transcorp Hotels insiders have been duly informed accordingly,” it added.
Aduragbemi Omiyale 
Modupe Gbadeyanka