Akademik

close period

1) A period of time during which managers and employees of a listed company are prohibited from dealing in the company's securities.

2) Under the Model Code of the Listing Rules, a period of time during which persons discharging managerial responsibilities of a listed company are prohibited from dealing in the company's securities. The close periods are:

• The period of 60 days immediately preceding a preliminary announcement of the company's annual results or, if shorter, the period from the relevant financial year end up to and including the time of the announcement; or

• The period of 60 days immediately preceding the publication of its annual financial report or if shorter the period from the end of the relevant financial year up to and including the time of such publication; and

• If the company reports on a half-yearly basis, the period from the relevant financial period end up to and including the time of such publication; and

• If the company reports on a quarterly basis the period of 30 days immediately preceding the announcement of the quarterly results or, if shorter, the period from the relevant financial period end up to and including the time of the announcement.