Karachi, Ibrahim Fibres Limited has designated April 25, 2024, as the date for the closure of its transfer books, starting at 11:00 AM. The closure is a routine part of the company’s financial calendar, and no further distributions have been disclosed.
Worldcall Telecom Limited to Close Transfer Books for One Day
Karachi, Worldcall Telecom Limited has announced a one-day closure of its transfer books on April 29, 2024. The closure is to facilitate the company's annual general meeting, which will take place at 11:00 AM on the same day. Shareholders are encouraged to finalize their transfers before this date to participate in the AGM.
GlaxoSmithKline Pakistan Limited Announces Closure of Transfer Books for Single Day
Karachi, GlaxoSmithKline Pakistan Limited has scheduled the closure of its transfer books for April 24, 2024. This closure will occur on a single day, with the company’s shares ceasing to be transferable starting at 9:00 AM.
Nestle Pakistan Limited Announces Board Meeting for Quarterly Financial Review
Lahore, Nestle Pakistan Limited has scheduled a Board of Directors meeting on April 26, 2024, in Lahore. The agenda for this meeting is to review and consider the Quarterly Accounts for the period ending March 31, 2024, and to discuss any potential entitlement declarations.
Additionally, Nestle Pakistan Limited has announced a Closed Period from April 19, 2024, to April 26, 2024, in compliance with regulation 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, Directors, the CEO, and Executives are prohibited from dealing, directly or indirectly, with the company's shares.
The TRE Certificate Holders of the Exchange have been informed as required.
EFU General and EFU Life Announce Amalgamation of Subsidiary Health Insurance Operations
Islamabad, EFU General Insurance Limited and its subsidiary EFU Life Assurance Limited announced today the approval of a scheme of amalgamation that will merge EFU Health Insurance Limited into EFU Life Assurance. The resolution passed by the Board of Directors is in accordance with Section 284(1) of the Companies Act, 2017, and will take effect from May 1, 2024. This move will see EFU Health Insurance, a wholly owned subsidiary of EFU Life, completely integrate its operations and assets into EFU Life.
The announcement was made via a public disclosure on the Pakistan Stock Exchange, highlighting the details of the amalgamation and its effective date. EFU Life's corporate headquarters, located at Al-Malik Centre, Jinnah Avenue in Islamabad's Blue Area, remains the central point of contact for corporate affairs, with Mr. Hasan Jivani serving as the Corporate Secretary and Compliance Officer.
EFU General Insurance Limited, also based in Islamabad's Blue Area at the Kamran Centre, has concurrently released its public disclosure regarding the amalgamation. Mr. Amin Punjani, the company's secretary, reiterated the merger's significance to the company's structural alignment and strategic objectives. Both companies have ensured that all legal requirements have been met in line with the Securities Act, 2015, and the rules of the Pakistan Stock Exchange.
Altern Energy Executive Sells Shares, Details Reported to Pakistan Stock Exchange
Karachi, In compliance with Pakistan Stock Exchange (PSX) Regulation clause 5.6.1.(d), a significant financial transaction involving the sale of shares by a top executive at Altern Energy Limited has been disclosed.
Syed Arsalan Qutb, a General Manager at Altern Energy Limited, executed a sale of 1,500 shares on February 29, 2024. The shares were sold at a rate of 108.56 PKR per share, through the Central Depository Company (CDC) in the ready market.
The transaction will be reviewed at the upcoming board meeting of Altern Energy Limited. The company has confirmed that the sale will be scrutinized for any non-compliance issues as mandated by PSX regulations. Additionally, the company assured that if the holding period of the shares was less than six months, the profit from this transaction would be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015.
First Dawood Properties Ltd NC Trades Steadily at Pakistan Stock Exchange
Karachi, The trading session for First Dawood Properties Ltd (FDPL) closed with a steady rate of Rs. 2.40. The company has a paid-up capital of Rs. 1,483.90 million and reported an EPS of Rs. 1.9 for the period from January to March 2024. No distributions were announced for this period.