Hub Power Holdings Limited Announces Corporate Action for Sukuk Certificate Holders

Karachi: In compliance with the regulations of the Central Depository Company of Pakistan Limited (CDC), Hub Power Holdings Limited has announced key corporate actions for its Sukuk Certificate holders. The company provided details on the forthcoming principal and profit payments related to the first issuance of Sukuk certificates.

The transfer books for the Sukuk certificates will be closed from November 1, 2024, to November 11, 2024, both days inclusive, in accordance with Regulation No. 12.1.1 of the CDC Regulations. During this period, no transfers will be allowed, and this closure will be essential for processing entitlements related to these certificates.

According to information available from the Pakistan Stock Exchange (PSX), no extraordinary or annual general meeting is applicable for the certificate holders during this corporate action, and there are no entitlements such as bonus allotments or board-recommended entitlements attached to this notice.

The action is a routine step within the financial management of Sukuk certificates to ensure timely payments and regulatory compliance. Certificate holders are advised to utilize the registration details of account holders and sub-account holders in accordance with the provisions of the Central Depositories Act, 1997.

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