The board of directors Cadbury Nigeria Plc has announced the commencement of a closed period, which kicked off February 19, 2018 and ends March 15, 2018.
However, the firm’s top executives have been barred from trading in the shares of the company.
A statement signed by the Company Secretary, Fola Akande, read; “This message is to remind all, particularly Cadbury shareholders and other relevant insiders, that Cadbury Nigeria Plc has commenced a closed trading period from February 19, 2018, to end on March 15, 2018, a full trading day after the 2017 audited financial statements have been released to the public, after which the trading period will be resumed.
“During this period, directors, audit committee members, staff members and other interest parties who have regular access to Cadbury Nigeria Plc financial information, or other sensitive information which may materially affect the price of the securities of the company, should observe this earnings-related closed trading period and not buy and sell Cadbury Nigeria Plc shares.
“This is in compliance with the rules of the Nigerian Stock Exchange (NSE). The rules are also spelled out in our C-14-insider trading.
“If you have any questions regarding this policy or the applicability of a part of the policy to you or your activities, please email the company secretary at fola.akande@mdlz.com,” the statement said.
