First Bank Plc Bars Shareholders From Trading their Shares, Holds Board Meeting 18th Oct.

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First Bank of Nigeria Plc (FBN) has announced that its Board of Directors will meet to consider the group’s Q3 2019 unaudited financial results.

This was contained in a corporate disclosure carried out at the Nigerian Stock Exchange on Wednesday 2nd October 2019.

The disclosure which was duly signed by the Company’s Secretary, Seye Kosoko was made known to newsmen in Lagos.

The Board of Directors meeting will take place on Friday, 18th October 2019. The top agenda of the group’s board meeting is for the board to consider the company’s unaudited financial results for the period ended 30th, September 2019.

Financial Metrics Nigeria reports that in-line with the group’s board meeting, the company also declared a closed period. The closed period will hold from Thursday, 3rd October 2019 to 24 hours after the company’s accounts have been filed with the exchange market.

This simply means that the company’s directors, shareholders, employees and anyone with vital information regarding their shares will not be allowed to trade within the closed period.

Financial Metrics Nigeria reports that First Bank shares price closed at N5.50 on Wednesday, 2nd October 2019. The group is currently listed on the Premium Board of the Nigerian Stock Market with a Market Capitalization of N197.42 billion. The company’s outstanding shares stand at N35.89 billion.

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