LAGOS: Access Bank Nigeria Plc has announced that its board meeting has been scheduled to hold on Thursday, April 23, 2020.
It was scooped that during the meeting, the board will consider and approve the Bank’s unaudited financial results for the quarter that ended March 31, 2020.
Access Bank which announced its closed period starting from Thursday, April 9, 2020, to a date that will be subsequently announced said this was done in respect to the Bank’s first-quarter financial statement which is set to be released.
This was disclosed in a notification that was sent to the Nigerian Stock Exchange (NSE). The announcement is in line with rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015) which states:
“The period of closure shall be effective from fifteen (15) days prior to the date of any meeting of the Board of Directors proposed to be held to consider any of the matters referred to above or the date of circulation of agenda papers pertaining to any of the matters referred to above, whichever is earlier, up to twenty-four hours after the price-sensitive information is submitted to the Exchange.
“The trading window shall thereafter be opened. Every issuer shall notify the Exchange in advance of the commencement of each closed period,” the Bank stated.
Against this backdrop, the close period will allow the board to consider the company’s unaudited financial statements for the first quarter. Other company issues will also be discussed during the meeting of the Board of Directors.