Custodian Investment Plc notified the public, yesterday, that it will be holding its board meeting on April 28, 2020, at 1.00 pm. The company’s board of directors will deliberate on and approve the unaudited financial statement for the first quarter ended March 31, 2020, amongst other matters
In a public disclosure that was issued to the Nigerian Stock Exchange, it was also announced that Custodian Investment Plc’s closed period had started from the 13th of April, 2020. The closed period is expected to last until 24 hours after the release of the company’s Q1 unaudited financial statement.
Why this matters: The close period will allow the board to consider the company’s unaudited financial statements for the first quarter. Other company issues will also be discussed during the meeting of the Board of Directors.
(READ MORE: Bitcoin price under pressure, stays under $7000)
What is a close period? A close period is a period before the release of a company’s result or financial statement when of course; those with sensitive information are not allowed to trade on the stock. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information.
News continues after this ad