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.
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The Company and persons discharging managerial responsibilities for the Company are therefore exempt during the close period from the provisions of the Model Code in respect of dealings in the Company's own securities.
The close period commences on 2 April 2013 and is up to and including 2 May 2013.
The sale, which was not made within a close period, was approved in the usual way.
Binders, or electronic systems of record, containing all compliance and financial close documents needed to reconstruct a close period.
TEL AVIV -- Visonic (LSE:VSC), the international developer and manufacturer of electronic security systems (alarms) and home management systems, is pleased to make the following trading update prior to the group going into its close period.
The close period commences on 1 January 2013 and is up to and including 31 January 2013.
The close period commences on 1 April 2012 and is up to and including 26 April 2012.
Other benefits cited included shortening the financial close period, reducing fraud, and increasing their board's effectiveness.
LONDON, December 15 /PRNewswire-FirstCall/ -- Royal Dutch Shell plc announces that it will undertake an irrevocable, non-discretionary programme to purchase 'A' Shares, for cancellation, during its fourth quarter results close period, which commences on 2 January 2007 and is up to and including the 1 February 2007.
Smith & Nephew (LSE: SN, NYSE:SNN) is to give a trading update to investors and analysts today ahead of the close period preceding its Preliminary Results Announcement.
1(4)R, the Company today announces that all inside information which the Directors and the Company had in the period leading up to an announcement of results has previously been notified to a RIS, and accordingly, the Company need not comply with the close period provisions of the Model Code in relation to the Company's ordinary shares during the period prior to the announcement of its annual report and financial statements for the year ended 30 September 2015.
LONDON, March 31 /PRNewswire-FirstCall/ -- RDS Buybacks to Continue in April Close Period