16 January 2017, Sweetcrude, Lagos — Seplat Petroleum Development Company Plc has extended its closed period on the Nigerian Stock Exchange, NSE, by 24 hours.
The notice, contained in a memo to the NSE on Tuesday, was signed by the company’s Secretary, Dr. Mirian Kene Kachikwu.
According to the memo, the extra day was in pursuant to Clause 17.2 of the Amendments to the Listings Rules of the NSE, and in the run-up to the announcement of Seplat’s Audited Financial Statement for the period ended 31st December 2018.
Seplat Plc had on the 27th of December 2018 announced the commencement of a closed period from Monday, 31st December 2018 to Thursday, 28th February 2019.
However, the company said following the scheduling of a meeting of the Board of Directors of the company for 28th February 2019, the closed period is consequently extended to twenty-four hours after the audited financial statement has been released to the public.
“Accordingly, no director, employee, person discharging managerial responsibility, adviser(s) of the company and their connected persons may directly or indirectly deal in the shares of the company in any manner during the closed period”, the statement read.