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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Further, the company has declared the closed period from September 25, 2019 to October 05, 2019.
Consequently, in compliance with the Nigerian Stock Exchange (NSE) Rule Book and the Amendments to the Listing Rules, Oando also announced the continuation of its closed period for trading in its securities.
Another motion calls for "a mandatory closed period for games and collective training of all county panels for four consecutive weekends during the period April 1 to May 20".
Further, the Company has declared closed period from October 22, 2015 to October 29, 2015.
As for the two-week shutdown in March 2013 -- imposed to curtail a run on the banks -- a CBC rep said that spot checks concerning the closed period did not yield 'significant breaches' by commercial banks.
Energy company Royal Dutch Shell plc (NYSE:RDS-A)(NYSE:RDS-B) announced on Wednesday the execution of an irrevocable, non-discretionary arrangement with an independent third party to enable the purchase of 'B' ordinary shares, for cancellation, during its 2012 fourth quarter results closed period.
The consultation therefore has three options: no change, to extend the closed period by two weeks or to extend it by one month.
But before entering its closed period, the company - which employs more than 450 people on Teesside - today said trading in the first half of the financial year was "in line with expectations".
Small vessels (between eight and 12 metres) may transfer for use during this closed period up to five days at sea of their authorised total per month of closure, ie five days for the west zone (one month closed period) and ten days for the east zone (two-month closed period).
NFU Cymru deputy president Dai Davies said there were safety reasons why the closed period for hedge trimming should begin two months later in the spring and end one month earlier at the end of July.
Diageo has been trying to sell off the underperforming fast-food chain before entering its "closed period" on July 5 ahead of their results.
City sources said if Marconi talked to the bondholders before November 13, when it reports its half year results, it would break Takeover Panel rules preventing the release of sensitive financial information to holders of tradeable securities during the closed period.