H1 2021: FCMB group, ETI announces closed period

By Kayode Tokede

First City Monument Bank (FCMB) group Plc and Ecobank Transnational Incorporated (ETI) have announced closed period over unaudited half year result and accounts for period ended June 30, 2021.

The closed period is the time between the completion of a listed company’s financial results and the announcing of these results to the public.

The Company Secretary, FCMB group, Mrs. Olufunmilayo Adedibu in a statement on Tuesday said, “Notice is hereby given that the Board of Directors’ meeting of FCMB Group Plc (the Company) is scheduled to hold on Friday, July 23, 2021 at 11.00 a.m via Microsoft Teams.

“The meeting is the regular quarterly meeting to consider the 2021 Q2 performance report of the Group.

In line with the amended rules of the Nigerian Exchange Limited on closed period, the Company commenced the closed period for trading in the Company’s shares from July 1, 2021 in respect of the Unaudited Financial Statements for the quarter ended June 30, 2021 until 24 hours after the publication of the Financial Statements.”

The company secretary, ETI,  Madibinet Cisse in a statement also said, “We write to advise the Nigerian Exchange Limited (NGX), shareholders of ETI and all stakeholders that the board of Directors of ETI shall hold a board meeting on Friday 23rd July, 2021 to consider the 2nd quarter unaudited accounts of ETI for the period ended June 30, 2021.

“In compliance with the Rule 17.18 (a) of the NGX listing rules as amended, a closed period started from July 1, 2021 and will continue until 24 hours after the outcome of the board meeting and publication of the unaudited accounts on the NGX.

“During the closed period, no insider including Directors, employees and interested parties of ETI or its affiliates may deal directly or indirectly with ETI shares.”