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Karachi: This is to inform that the meeting of the Board of Directors of Allied Bank Limited (ABL) will be held on Tuesday April 24, 2012 at 11:00 a.m. at Lahore to consider Quarterly Accounts of the Bank for the first quarter ended March 31, 2012 and for declaration of any entitlement, if so decided.
The financial results approved by the Board would be communicated to the Exchange through our Karachi Fax Nos. 021-35879319, 021- 35300993 or Lahore Fax No 042-36364835. Mr. Sohail Danish Akhund, head Corporate Affairs Wing (Cell # 0302-8283208) or the undersigned (Cell # 0301-8211456) will transmit the results.
The Company has declared the “Closed Period” from April 17, 2012 to April 24, 2012 (both days inclusive) as required under Clause (xxiii) of the revised Code of Corporate Governance contained in the Listing Regulations of the Exchange. Accordingly, no Director, CEO or Executive shall, directly / indirectly, deal in the shares of the Company in any manner during the Closed Period.
Closed Period for Trading in the Shares of Allied Bank Limited
This is to inform that the Financial Statements of the Bank for 1st quarter ended March 31, 2012 would be presented in the meeting of the Board of Directors scheduled on April 24, 2012.
Every listed company under clause XXIII of the Code of Corporate Governance is required to determine a closed period prior to the announcement of interim / final results and any business decision, which may materially affect the market price of its shares. No director, CEO or executive shall directly or indirectly, deal in the shares of the listed Company in any manner during the closed period. Accordingly the period from April 17, 2012 to April 24, 2012 (both days inclusive) has been declared as Closed Period for direct / indirect trading in the shares of the Bank by its directors, CEO and executives.
We also would like to bring into notice of all directors, CEO and executives of the Bank following part of clause XXIII of the Code of Corporate Governance:
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“Where any director, CEO or executive of a listed company or their spouses sell, buy or transact, whether directly or indirectly, in shares of the listed company of which he is a director, CEO or executive, as the case may be, he shall immediately notify in writing to the Company Secretary of such transaction. Such director, CEO or executive, as the ease may be, shall also deliver a written record of the price, number of shares, form of share certificates i.e., whether physical or electronic within the Central Depository System, and nature of transaction to the Company Secretary within, four days of effecting the transaction. The notice of the director, CEO or executive, as the case may be, shall be presented by the Company Secretary at the meeting of the Board of Directors immediately subsequent to such transaction, In the event of default by a director, CEO or executive to give a written notice or deliver a written record,
The Company Secretary shall place the matter before the Board of Directors in its immediate next meeting”.
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For the purpose of this clause the expression “executive” means an employee of a listed company other than the CEO and directors’ whose basic salary exceeds five hundred thousand rupees in a financial year.
For more information, contact:
Muhammad Raffat
Company Secretary
Allied Bank Limited
8 Kashmir Road,
Lahore- 54000, Pakistan
Website: www.abl.com.pk