Close Period

Close Period

The time between the preparation of a company's balance sheet and its announcement to the public. The close period usually lasts about two months. During this time SEC rules prohibit insiders from buying or selling the company's shares in any way.
Mentioned in ?
References in periodicals archive ?
This will be considered as part of any final investment decision and SSE will provide a further update in its Notification of Close Period statement on 28 September.
Energy company Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B) reported on Monday the launch of an irrevocable, non-discretionary arrangement to enable the purchase of ordinary shares, for cancellation, during the Q2 2014 results close period from 1 July 2014 up to and including 31 July 2014.
BANKING AND CREDIT NEWS-June 27, 2014-Standard Chartered holds discussions ahead of close period for half year
The sale, which was not made within a close period, was approved in the usual way.
The contract has been signed to allow the purchase of 'B' ordinary shares during the 2011 fourth quarter results close period.
Customers who have already booked travel to or from Petersburg during the close period should contact Alaska Airlines to request a reservation change to Wrangell.
The Newcastle firm today issued a trading update for the year ended July 31 prior to entering its close period on Thursday, August 16, showing the company has sold 7,638 homes, up 7% on the previous year.
Binders, or electronic systems of record, containing all compliance and financial close documents needed to reconstruct a close period.
Richmond Foods gave a trading update ahead of its close period showing an increase in pre-tax profits despite a fall in sales.
6pc increase in the first quarter, the company said in a statement ahead of its interim results close period.
The exchange's listing committee said the company had given a director clearance to deal during a close period last August, which is against the model code it has set out.
A significant drop in Unilever's net earnings estimates for the first quarter will be more than compensated for by strong growth during the rest of 2001, the company emphasised in a statement ahead of the close period preceding its first quarter results.