AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, This is to inform that the Board of Directors of K-Electric Limited is scheduled to convene on July 5, 2024, in Karachi to deliberate on issues unrelated to the company’s financial outcomes. The agenda of this meeting will focus solely on non-financial aspects of K-Electric’s operations.
The company has also initiated a “Closed Period” starting from today, June 28, 2024, until the day of the meeting, July 5, 2024. During this period, stipulated under Clause 5.6.1.(d) of the Pakistan Stock Exchange (PSX) Regulations, no director, chief executive officer, or executive is permitted to buy or sell company shares. According to information available from the Pakistan Stock Exchange (PSX), this measure ensures compliance with trading restrictions that are typically enforced to prevent insider trading during pivotal corporate decisions.
Stakeholders, particularly TRE Certificate Holders of the Exchange, are advised to take note of these developments to align with regulatory requirements and corporate governance standards.