Crescent Fibres to Hold Board Meeting on Non-Financial Matters

Karachi, Crescent Fibres has announced a forthcoming meeting of its Board of Directors scheduled for February 9, 2024, to be held in Karachi via video link. This gathering is set to focus on matters other than the company’s financial results. In adherence to the requirements of the Pakistan Stock Exchange (PSX) Regulations, any price-sensitive information arising from this meeting will be promptly shared with the Exchange.

In conjunction with this announcement, the company has also declared a close period from February 2, 2024, to February 9, 2024, as mandated by PSX Regulation 5.6.1(d). During this time, directors, the CEO, and executives are prohibited from directly or indirectly dealing in the shares of Crescent Fibres, ensuring compliance with regulatory standards and maintaining market integrity.

This preemptive notification to the shareholders and the broader market underscores Crescent Fibres’ commitment to transparency and regulatory compliance, particularly in handling sensitive information that could impact share prices.