The Board and Management of Seplat Petroleum Plc have announced a closed period for the period ended 30th, September 2019.
This was contained in a statement sent to the Nigerian Stock Exchange (NSE) on Wednesday, 2nd October 2019. The notice was conveyed through the Company’s Scribe Edith Onwuchekwa.
Financial Metrics Nigeria reports that the energy firm shall embark on a closed period from Tuesday, 1st October 2019 to Wednesday, 30th October 2019. The closed period will continue 24 hours after the release of Seplat Q3 2019 Unaudited Financial results.
The closed period will enable the company to complete and publish its Quarter three (Q3) results for the period under review, 30th September 2019.
Financial Metrics Nigeria reports that listed companies are required to declare a closed period to enable them to complete their financial results at the end of every quarter. The Q3 closed period covers transactions carried out from the month of July 2019 to September 2019.
Financial Metrics Nigeria reports that the company’s directors, shareholders, potential investors, employees are not allowed to trade their shares within the stipulated dates.
Also, those discharging managerial responsibilities and those with vital information about Seplat Plc shares are also not authorized to transact their shares within the restricted days.
Seplat Petroleum Plc shares price currently stands at N555. The company’s price was unmoved today because it didn’t trade on the bourse market.