Leading Telecommunication giant, MTN Nigeria Communications Plc has declared a closed period for the period ended 30th September 2019.
This was disclosed in a statement sent to the Nigeria Stock Exchange on Friday, 11th October 2019. The statement which was signed by the Company’s Secretay, Uto Ukpanah, was duly obtained by Financial Metrics Nigeria.
The closed period will commence on Monday, October 14, 2019, until 24 hours after the company’s Unaudited Financial Results have been made available to the public.
Financial Metrics Nigeria reports that the closed period is a post-listing requirement for listed companies on the Nigerian Stock Exchange. The closed period will enable the listed companies to complete and file their financial results to the bourse market.
The main objective of filing the financial results is to enable the company shareholders to have an overview of how the group performed for the period ended.
In line with the closed period, the Company’s Board of Directors will meet on Tuesday, 29th October 2019 to consider and approve the Q3 2019 results.
The company’s Directors, shareholders, employees and anyother person with vital information about the trading of the group’s shares are prohibited from trading within the closed period.
Dr. E Ndukwe chairs MTN Nigeria Board alongside other top-notch Technocrats and Captains of Industries while Mr. F Moolman is MTN CEO.
Financial Metrics Nigeria reports that MTN Nigeria is the most capitalized stock listed on the Nigerian Stock Exchange. The group currently has a Market Capitalization of N2.65 trillion and outstanding shares value of 20.35 billion.
The group Q3 2019 results are expected to be released on or Wednesday 30th October 2019. MTN Nigeria shares price currently stands at N130.