Barely a month after the release of its financial statement for the third quarter, Stanbic IBT Holdings Plc (NSE: STANBIC) has announced a date for the commencement of its closed period for 2020 full year results. This was contained in a corporate release on the Nigerian Stock Exchange on Friday.
According to the publication seen by Investogist, the closed period will commence with effect from 01 December 2020 and the closed period will continue to be in place until the full year 2020 Audited Financial Statements of the Company are released.
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A meeting of the Board of Directors of STANBIC is scheduled to hold on Thursday 04 February 2021 at 10:00am. The meeting will discuss amongst other items, the Company’s Consolidated and Separate Audited Financial Statements for the year ended 31 December 2020 as well as a proposed dividend.
In accordance with the provisions of Rule 17.18(b) of The Nigerian Stock Exchange Rule Book as well as the Company’s Internal Personal Account Trading Policy, all embargoed individuals that are prohibited from trading in the shares of the Company during the closed period.
STANBIC reported a profit after tax of N66.163 billion in the 9 month period ended 30 September 2020, 19.10% growth from the N55.552 billion reported for the same period in 2019. It earned N5.80 per share, for the 9 month period.
Stanbic IBTC Holdings PLC is a company domiciled in Nigeria. The address of the company is IBTC Place, Plot 1C Walter Carrington Crescent, Victoria Island, Lagos.
The group is primarily involved in the provision of banking and other financial services to corporate and individual customers.
It has a market capitalization of N470.338 billion, and 11.105 million outstanding shares. The share price of did not change in the course of Friday’s trading session, it remained at N42.35.
The 52 week high price is N48.00, while the 52 week low price is N23.50.
By; Nnamdi M.
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