Cadbury Nigeria Plc has informed its shareholders and other relevant “insiders”, that it has commenced a closed trading period from January 12, 2021 to end 24 hours after the fourth-quarter (Q4) 2020 unaudited financial statements have been released to the public, after which the trading period will be resumed.
The close period is intended to prevent trading in the company’s shares by its insiders ahead of the public dissemination of its financial results.
Read Also: Ardova, Presco, others help NSE to open week on a positive note
During this period, Directors, Audit committee members, staff members and other interested parties who have regular access to Cadbury Nigeria Plc financial information, or other sensitive information which may materially affect the price of the securities of the company, should observe this earnings-related closed trading period and not buy or sell Cadbury Nigeria Plc shares. This is in compliance with the rules of the Nigerian Stock Exchange.
Get Newsletter Updates
Enjoying our column?
Subscribe to our specialised **Tax 360** feed to receive fresh reports and analyses directly in your inbox.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
