Big Bird Foods Announces Upcoming Board Meeting and Closed Trading Period

Karachi: Big Bird Foods Limited has informed the Pakistan Stock Exchange that its Board of Directors will convene for a critical meeting on October 29, 2024, in Lahore to review and potentially approve the company’s first quarterly financial statements for the fiscal year ending September 30, 2024. The announcement details a significant closed period for trading by company insiders, spanning from October 22 to October 29, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the meeting will involve comprehensive discussions on the financial performance of the company for the first quarter of the fiscal year. This period is crucial as it marks the first quarter following the end of the financial year, often setting the tone for the fiscal strategies of the company.

The document specifies that during the closed period, no director, executive, or other insider is permitted to trade shares of Big Bird Foods. This restriction is in accordance with clause 5.6.1(d) of the PSX Regulations, aimed at preventing insider trading around the release of significant financial information.

Muhammad Riaz, the Company Secretary and Head of Legal at Big Bird Foods, signed the notification addressed to the General Manager of the Pakistan Stock Exchange, with additional copies sent to relevant regulatory and oversight bodies.

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