Cadbury Nig plc has released a circular to the Nigeria stock exchange and by extension to the general public that the company has commenced a closed period in order for the Board of Directors of the company to consider and approve the half year unaudited financial results.
Read what the circular says: ”This message is to remind all, particularly Cadbury shareholders and other relevant “insiders”, that Cadbury Nigeria Plc has commenced a closed trading period from 3 July 2017 to end on 27 July 2017 a full trading day after our Half-Year Financial Statements have been released.
During this period, colleagues who have 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. The rules are also spelled out in our C-14-Insider Trading.