In preparation for the release of its third quarter and full year result, UBA PLC has announced a temporary suspension in the trading of its shares.
In a statement signed on behalf of the company by Bili Odum, UBA PLC said:
“In compliance with the NSF Rule Book and the Amendments to the Listing Rules, UBA Plc hereby declare the commencement of the closed period for trading in the Bank’s shares on January 11, 2017 in respect of the Accounts and Financial Statements for the period ended December 31, 2016”.
“Hence, no Director, person discharging managerial responsibility, employees with sensitive information, advisers and consultants of the Bank and their connected persons may directly or indirectly deal in the securities (Shares and Bonds) of the Bank until the 24 hours after the release of the Audited Accounts and Financial Statements of the Group for the period ended December 31, 2016 to the Nigerian Stock Exchange and by extension, the general public”.
UBA PLC is one of the few companies that release their financial results promptly.