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.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • close period — See Model Code. Dresdner Kleinwort Wasserstein financial glossary Close Period ( CLOS) The period during which the trading service remains closed. London Stock Exchange Glossary …   Financial and business terms

  • Close Period — The time period between the completion of a company s balance sheet and the announcing of the results to the public. Typically occurring for the two months preceding an earnings announcement, the close is a period during which insiders are not… …   Investment dictionary

  • Close Period — See Model Code. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • The Close Period — See Model Code. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • Close — (kl[=o]s), a. [Compar. {Closer} (kl[=o] s[ e]r); superl. {Closest}.] [Of. & F. clos, p. p. of clore. See {Close}, v. t.] 1. Shut fast; closed; tight; as, a close box. [1913 Webster] From a close bower this dainty music flowed. Dryden. [1913… …   The Collaborative International Dictionary of English

  • Close borough — Close Close (kl[=o]s), a. [Compar. {Closer} (kl[=o] s[ e]r); superl. {Closest}.] [Of. & F. clos, p. p. of clore. See {Close}, v. t.] 1. Shut fast; closed; tight; as, a close box. [1913 Webster] From a close bower this dainty music flowed. Dryden …   The Collaborative International Dictionary of English

  • Close breeding — Close Close (kl[=o]s), a. [Compar. {Closer} (kl[=o] s[ e]r); superl. {Closest}.] [Of. & F. clos, p. p. of clore. See {Close}, v. t.] 1. Shut fast; closed; tight; as, a close box. [1913 Webster] From a close bower this dainty music flowed. Dryden …   The Collaborative International Dictionary of English

  • Close communion — Close Close (kl[=o]s), a. [Compar. {Closer} (kl[=o] s[ e]r); superl. {Closest}.] [Of. & F. clos, p. p. of clore. See {Close}, v. t.] 1. Shut fast; closed; tight; as, a close box. [1913 Webster] From a close bower this dainty music flowed. Dryden …   The Collaborative International Dictionary of English

  • Close corporation — Close Close (kl[=o]s), a. [Compar. {Closer} (kl[=o] s[ e]r); superl. {Closest}.] [Of. & F. clos, p. p. of clore. See {Close}, v. t.] 1. Shut fast; closed; tight; as, a close box. [1913 Webster] From a close bower this dainty music flowed. Dryden …   The Collaborative International Dictionary of English

  • Close fertilization — Close Close (kl[=o]s), a. [Compar. {Closer} (kl[=o] s[ e]r); superl. {Closest}.] [Of. & F. clos, p. p. of clore. See {Close}, v. t.] 1. Shut fast; closed; tight; as, a close box. [1913 Webster] From a close bower this dainty music flowed. Dryden …   The Collaborative International Dictionary of English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”