Dangote Cement Announces Closed Period From Today

By Dipo Olowookere

One of the heavyweights on the floor of the Nigerian Stock Exchange (NSE), Dangote Cement Plc, has announced its closed period on trading of its shares at the market.

A statement issued on Monday, February 12, 2018 disclosed that the closed period commences today and ends 24 hours after the release of its audited financial statements of the leading cement manufacturer.

“With reference to circular NSE/LARD/LRD/CIR2/15/05/17 on the ‘Notice of Securities Trading by Interest Parties’ effective January 1, 2015, please note that Dangote Cement Plc has entered a closed trading period from February 12, 2018 until one day (24 hours) after the audited financial results for the period ended December 31, 2017 are released to the public on or before February 28, 2018 after which the trading period will be resumed.

“Meanwhile, the closing period is applicable to Directors, Senior Managers and other interested parties that may at any time possess sensitive information that may materially affect the price of the securities of the company,” the firm said through its deputy secretary, Mr Ityoyila Ukpi.