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Rawalpindi: The Fauji Fertilizer Company Limited (FFC) is set to convene its 225th Board of Directors Meeting on July 19, 2024, at its headquarters in Rawalpindi to address items unrelated to financial results. The agenda specifics have not been disclosed, but any material information will be communicated to the Pakistan Stock Exchange.
The announcement confirmed that the meeting will primarily discuss topics other than the company’s financial outcomes. Details on the meeting’s agenda remain limited, but FFC will report any significant developments to the Pakistan Stock Exchange as mandated.
Additionally, the company has initiated a “Closed Period” from July 13, 2024, to July 19, 2024. During this time, no director, CEO, or executive is permitted to buy or sell company shares, as per Clause 5.6.4 of the Pakistan Stock Exchange Rule Book. This precaution ensures that all trading by insiders is halted ahead of the board meeting, avoiding any potential conflicts of interest or insider trading.
According to information available from the Pakistan Stock Exchange (PSX), this routine corporate governance practice aligns with the standard regulatory requirements aimed at maintaining fair trading practices. The company has also informed all Trading Right Entitlement (TRE) Certificate holders about the Closed Period to ensure compliance with stock exchange regulations.