Unilever Nigeria Plc (NSE Ticker: UNILEVER) has announced its closed period. This was contained in a notification published on the Nigerian Stock Exchange, signed by the General Counsel WA & Company Secretary, Abidemi Ademola (Mrs).
In the aforementioned publication, UNILEVER informed the Nigerian Stock Exchange and the investing public that the Closed Period for the company will commence on Tuesday 5 January, 2021 The Closed Period will continue until Tuesday 26 January, 2021 or 24 hours after filing of the Unaudited Interim Financial Statements for quarter ended 31 December, 2020, whichever is earlier.
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.”
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Rule 17:18 (b) mandates all issuers to notify The Exchange in advance of the commencement of each closed period.
About Unilever Nigeria Plc
Unilever Nigeria Plc. is incorporated in Nigeria as a public limited liability company under the Companies and Allied Matters Act (CAP C20) Laws of the Federation of Nigeria, 2004 and is domiciled in Nigeria. The company’s shares are listed on the Nigerian Stock Exchange (NSE).
The company is principally involved in the manufacture and marketing of Foods and refreshments, Home care and Beauty and personal care products. It has manufacturing sites in Oregun, Lagos State and Agbara, Ogun State.
The company has 5,745,005,417 outstanding shares and a market capitalization of N79.855 billion. The share price of UNILEVER at the end of the last trading session on Monday, 4th January 2021 is N13.90.
UNILEVER reported a revenue of N17.395 billion in the 9 months period ended 30 September, 2020. An massive improvement on the N8.970 billion revenue reported in the same period in 2019.
The company reported a loss of N1.541 billion for the period, which was an improvement from the N3.003 reported in the same period in 2019.
By; Nnamdi M.