First Prudential Modaraba Sets Closed Period Ahead of Quarterly Board Meeting

Karachi: First Prudential Modaraba has announced a “Closed Period” from October 18, 2024, to October 26, 2024, in accordance with Pakistan Stock Exchange regulations. This period precedes a significant board meeting scheduled for October 26, 2024, to discuss the quarterly results for the period ending September 30, 2024.

The upcoming meeting will be held at Karachi. According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard practice to prevent insider trading and maintain market integrity during times of significant financial disclosures.

During this time, no director, CEO, or executive is permitted to trade shares of First Prudential Modaraba directly or indirectly. The purpose of this restriction is to ensure fairness and transparency as the company prepares to declare any entitlements based on their quarterly financial performance.

Shareholders and TRE Certificate Holders have been notified of the closed period to ensure compliance with the regulatory framework and uphold the principles of good corporate governance.

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