Close Period

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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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purchases, whether they take place during open or close periods, will
Company are accordingly exempt during the close period from the
Company is also exempt during the close period from the provisions of
LogicaCMG: Advance notice of close period trading update on 22 July 2004
will make a close period statement on Thursday 22 July 2004.