Cadbury Nigeria Plc (NSE: CADBURY) earlier today announced that it will commence a closed trading period from 12th January 2021, with respect to its Quarter 4 2020 Financial Statements. The closed period will end 24 hours after the Quarter 4 2020 Unaudited Financial Statements have been released to the public.
The message specifically addressed to Cadbury shareholders and other relevant “insiders”, was published on the Nigerian Stock Exchange on Monday,11th January 2021.
During the period, Directors, Audit committee members, staff members and other interested 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 or sell Cadbury Nigeria Plc shares.
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According to Rule 17.17 of the Nigerian Stock Exchange Rule Book, “no Director, person discharging managerial responsibility and Adviser of the Issuer and their connected persons shall deal in the securities of the Issuer when the trading window is closed. Any period during which trading is restricted shall be termed as a closed period.”
Rule 17:18 (b) mandates all issuers to notify The Exchange in advance of the commencement of each closed period.
About the Company
Cadbury Nigeria Plc is a company domiciles in Nigeria, with its registered office address being Lateef Jakande Road, Ikeja, Lagos. The Company is principally engaged in the manufacture and sale of branded fast moving consumer goods mostly to the Nigerian market, but also for exports.
The Company’s brands fall into three principal categories, namely refreshment beverages, confectionary and intermediate cocoa products. Cadbury Bournvita is the refreshment beverage, Tom Tom Buttermint and Clorets gum are the confectionery products while Cocoa Butter is a key product in the intermediate cocoa category.
Cadbury Nigeria Plc is owned 74.97% by Cadbury Schweppes Overseas Limited (“CSOL”), incorporated in the United Kingdom while CSOL is owned by Mondelez International and 25.03% by a highly diversified spread of individual and institutional shareholders.
By; Nnamdi M.
