Jaiz bank plc shares trading closed for Q1 2017 reports

Jaiz bank plc shares trading closed for Q1 2017 reports

Jaiz bank plc in compliance with the NSE Rule Book and the Amendments to the Listing Rules, has commenced the closed period for trading in its shares on Wednesday April 19, 2017 in order for the board of Directors to meet and deliberate on the release  of the Unaudited Results for the period ended 31st March, 2017.

Hence, no director, person 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 the 24hours after the release of the Unaudited Results of the Company for the period ended 31st March, 2017 to the Nigerian Stock Exchange and by extension, the general public.

About Jaiz Bank plc

As of December 2012, the bank was a medium-sized, but growing financial services provider in Nigeria. At that time, the bank’s total assets were valued at USD88.8 million (NGN:14.1 billion), with shareholders’ equity of about USD63.6 million (NGN:10.1 billion.

Headquartered in Abuja, the capital city of the country, Jaiz Bank is in the process of expanding to urban centers in all 36 states of the Federal Republic of Nigeria. In pursuit of that goal, the bank has received approval to increase shareholders’ capital from the current value, to USD92.3 million (NGN:14.3 billion). In January 2013, print media reports indicated that, at that time, shareholder’s equity in the bank exceeded USD71 million (NGN:11 billion). The bank is expected to apply for a national banking license, once it meets its shareholders’ capital objectives.