ABC Berhad has fixed the targeted date for announcement of ABC Berhad's 1st quarterly results for 2010 on 15 May 2010. Mr. X, a director of ABC Berhad, intends to deal with the shares of ABC Berhad. If the announcement of ABC Berhad's 1st quarterly results is made on 15 May 2010, what is the closed period for dealings by Mr. X?
Closed period is defined in paragraph 14.02(b) of the Main LR to mean a period commencing 30 calendar days before the targeted date of announcement of a listed issuer's quarterly results up to the date of announcement of the quarterly results.
As the announcement for the 1st quarterly results of ABC Berhad is made on 15 May 2010, the closed period for dealings by Mr. X will commence from 15 April 2010 until 15 May 2010.