The company also announced that a closed period began on October 1, restricting insiders and their connected persons from trading in its securities ahead of the publication of the financial results.
The restriction will remain in force until 24 hours after the third-quarter financial statements are released to the public.
Closed periods are designed to prevent company insiders with access to material, unpublished financial information from trading in a company’s shares before the information becomes publicly available.
The scheduled board meeting will allow the directors to consider the company’s financial performance during the three months ended September 30, alongside other matters on the meeting’s agenda.
Investors will be watching for the results to provide an update on the company’s financial position and performance during the period.
Reporting by TalkNaijaMedia
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