GTBank, Cadbury, Vitafoam commence closed periods ahead of results releases

Guaranty Trust Bank Plc, Cadbury Nigeria Plc, and Vitafoam Nigeria Plc have informed their shareholders and other relevant insiders that they have commenced closed period for trading in their shares.

These companies’ closed periods are meant to prevent trading in their shares by insiders ahead of dissemination of their financial results to the public.

GTBank Plc which commenced closed period for trading in its shares on January 12, 2021 said its board meeting to consider the audited financial statements for the year ended December 31, 2020 has been scheduled for January 27, 2021.

Also, Cadbury Nigeria Plc commenced a closed trading period from Tuesday 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.

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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.

Also, Vitafoam Nigeria Plc commenced its closed period on January 12, 2021, noting that its board meeting will hold on Wednesday January 27 to consider the company’s unaudited financial statements for the first quarter ended December 31, 2020.