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Karachi: Colgate-Palmolive (Pakistan) Ltd. has scheduled a Board of Directors meeting for July 31, 2024, to discuss the company’s audited financial statements for the fiscal year ending June 30, 2024.
The upcoming meeting, set to take place in Karachi, will focus on evaluating the company’s financial performance over the past year, among other agenda items. This announcement comes as Colgate-Palmolive Pakistan adheres to the stringent requirements set forth by the Pakistan Stock Exchange (PSX) regulations.
According to information available from the Pakistan Stock Exchange (PSX), the company has also initiated a “Closed Period” starting from July 24, 2024, to the date of the board meeting on July 31, 2024. During this period, directors, the CEO, and executives are prohibited from dealing, directly or indirectly, with the company’s shares. This restriction is in compliance with Clause 5.6.4 of the PSX regulations, designed to prevent insider trading around significant corporate announcements.
Stakeholders, particularly the TRE Certificate Holders of the Exchange, have been instructed to note the scheduling of the board meeting and the details concerning the Closed Period. This governance measure ensures that all trading of shares by insiders is suspended during a critical decision-making interval, maintaining transparency and fairness in dealings related to the company’s stock.