PDSnet Glossary

Term

Categories

Introductory Technical Fundamental Economics Opinion Sectors International Regulatory Other Markets

Versions

Name	synonyms = 1, variations = 2, abbreviations = 3

Publish: (0 = no, 1 = yes)

Definition

The time between the end of a company's financial year and the publication of its audited financial statements. For JSE companies, this period cannot be more than three months and is usually closer to two months. During this period, the company's directors and senior management are not permitted to make any disclosures about how the company did during its recently-completed financial year. This is to prevent insider trading. For example, Redefine (RDF) gave a pre-close presentation on 27th February 2024. Its closed period was between 1st of March 2024 and the 6th of May 2024 when its interim results for the six months to 29th February 2024 were expected to be published.

Edit Glossary Term