Closed period ending soon…17 Jun 2025 12:41
In the UK, including for AIM‑listed companies like EARNZ plc, the closed period during which directors and other Persons Discharging Managerial Responsibilities (PDMRs) are prohibited from trading in the company’s securities is governed by the Market Abuse Regulation (MAR). This period begins 30 calendar days before the publication of interim or year‑end financial results, and ends once the results are made public .
Here’s a clearer breakdown:
• Who’s affected?
Directors, senior executives, and their closely connected individuals .
• Duration:
30 calendar days before the date the company publishes its interim or year-end financial report .
• Trading rules:
During this time window, PDMRs cannot deal, either directly or indirectly, in the company’s shares, debt instruments, or related derivatives .
• Exceptional circumstances:
In rare cases—such as severe financial hardship—a transaction may be permitted, but the individual must demonstrate the exceptional nature and treat it as an exception under Article 19(12) of MAR .
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✅ So, for EARNZ plc:
Directors and PDMRs must refrain from trading for 30 calendar days before each set of interim or year-end results is announced and made public.атья