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.

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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.

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