Blue-Ex Limited to Discuss Major Corporate Moves in Upcoming Board Meeting

Karachi: Blue-Ex Limited, formerly known as Universal Network Systems Limited, has scheduled a crucial board meeting for August 30, 2024, to deliberate significant strategic shifts. The meeting will focus on evaluating the company’s migration from the Growth Enterprise Market (GEM) Board to the Main Board of the Pakistan Stock Exchange (PSX), along with discussing a potential acquisition of e-commerce domestic business operations from another company.

According to information available from the Pakistan Stock Exchange (PSX), the company has also instituted a “Closed Period” starting from August 23, 2024, until the date of the board meeting. During this period, directors, the CEO, and executives are prohibited from buying or selling company shares. This measure is in compliance with Clause 5.6.1.(d) of the PSX Regulations, designed to prevent insider trading and ensure transparency during pivotal corporate decisions.

The migration to the Main Board is a strategic move that could potentially enhance the visibility and liquidity of Blue-Ex Limited’s shares, attracting more substantial investments. The acquisition proposal, if approved, could significantly expand the company’s footprint in the e-commerce sector, aligning with its growth objectives in the increasingly competitive digital marketplace.

Stakeholders, including TRE Certificate Holders, have been duly informed about these developments as the company prepares for decisions that may influence its future trajectory in the market.

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