Fidelity Extends Moratorium On Insiders’ Trading Shares

The moratorium on key staff and other insiders of Fidelity Bank from trading on the bank’s shares has been extended following the delay in the submission of the bank’s half-year annual statement to the Nigerian Stock Exchange.

The bank in a statement of disclosure to the Exchange on Tuesday, the bank’s corporate secretary, Ezinwa Unuigboje traced the delay to the Central Bank of Nigeria, which the bank said had not approved the report for onward transmission to the Exchange.

The company secretary said:

“This is to inform The Nigerian Stock Exchange (The Exchange) and the General Public that the audit of Fidelity Bank Plc’s (the Bank) 2020 Year Financial Statements has been completed and the audited accounts submitted out primary regulator, the Central Bank of Nigeria for approval, following which the audited accounts will be published on the floor of The Exchange.

“The Exchange has granted a 30-day extension of time to file the Bank’s Audited Half Year Financial Statements for the period ended June 30, 2020 (2020 H1 AFS). The Bank expects to publish the 2020 H1 AFS on or before September 28, 2020.

“In addition, kindly be informed that the trading window for dealings on the Bank’s shares shall remain closed to all insiders until 24 hours after the release of the Bank’s 2020 H1 AFS.”

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