AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Rawalpindi: The board of directors of Bannu Woollen Mills Limited is scheduled to meet on Tuesday, July 09, 2024, in Rawalpindi to discuss and approve the annual budget for the fiscal year ending June 30, 2025. In preparation for this pivotal meeting, the company has announced a “Closed Period” from July 02, 2024, to July 09, 2024, during which company insiders are prohibited from trading shares.
This restriction is in compliance with the regulations of the Pakistan Stock Exchange (PSX) and affects all directors, the CEO, and executives of Bannu Woollen Mills. They are not permitted to buy or sell company shares either directly or indirectly throughout this period. According to information available from the Pakistan Stock Exchange (PSX), these measures are standard to prevent any potential misuse of insider information before significant announcements like the approval of the annual budget.
The notice has also been circulated to TRE Certificate Holders of the exchange to ensure all parties are informed and compliant with the trading restrictions during the closed period.