First Bank bans its stock selling and meets to decide when to release their financial report

April 11, 2019 by  
Filed under Nigeria Stock Exchange

First bank board members meet ahead of the earnings A1 2019 report. The Board member is scheduled to meet on April 25, 2019, and more information will be available to the shareholders and the public after the meeting. 

The company is currently working on the earnings report for the term that ended on March 31, 2019.  April 25 meeting will focus on discussing the financial report before the firm approves the financial statements to be released to the public.

“This is to inform the public and our stakeholders that the board of directors of FBN Holdings Plc will be meeting to consider the Q1 2019 Accounts, on Thursday, April 25, 2019,” the statement said.

As a result of this development, the board has announced the commencement of a closed period, prohibiting the trading of its shares on the NSE by some set of people.

“Consequently, there will be a closed period from Thursday, April 11, 2019, till 24 hours after the accounts are filed with the Nigerian Stock Exchange (NSE), in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015),” the firm stated.