Africa Prudential, United capital commence closed period

African prudential Plc and United capitals Plc , offshoot companies of the UBA group have commenced their closed period during which no employee , director or connected persons is allowed to transact in the respective companies shares.

African prudential said that its closed period commences on February 6th 2018, as the Board of Directors of Africa Prudential Plc (“The Company”) are scheduled to meet in Lagos on Wednesday, February 21, 2018 by 10am to consider the Accounts and Financial Statements for the year ended December 31, 2017 and proposals for dividends.

The company’s statement signed by company secretary and legal adviser, Joseph Jibunoh noted that the closed period was in keeping with the Nigerian stock Exchange (NSE) rule book and the amendment to the listing rules.

“the Company hereby declares the commencement of the closed period for trading in its shares on February 6, 2018 .Hence, no Director, persons discharging managerial responsibility, employees with sensitive information, Advisers and consultants of the Company and their connected persons may directly or indirectly deal in the Securities of the company until 24 hours after the release of the Audited Accounts and Financial Statements of the Company for the period ended December 31, 2017 to the Nigerian Stock Exchange and by extension, the general public.”

However, for United Securities Plc , is closed period is scheduled to commence on Thursday February 8th, 2018 ,as its board of directors is also scheduled o meet in Lagos on February 23rd 2018, to consider and approve 2017 audited financial statement and approve dividend payments.

Stories by Bonny Amadi