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Lahore, An emergent meeting of the Board of Directors of a Lahore-based company is scheduled for Wednesday, May 22, 2024, focusing on topics other than financial results. The agenda and specifics of the meeting have not been disclosed to the public.
The company has announced a “Closed Period” starting from May 17, 2024, to May 22, 2024. During this period, directors, the CEO, and executives are prohibited from dealing with the company’s shares. This restriction complies with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.
According to information available from the Pakistan Stock Exchange (PSX), the regulation aims to prevent insider trading and maintain market integrity during crucial decision-making periods. This measure ensures that no insider has an undue advantage in the securities market due to access to proprietary information.
The notification concluded with a directive for TRE Certificate Holders of the Exchange to be informed of the Closed Period and the upcoming board meeting.