AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore: A meeting of the Board of Directors of Kohinoor Spinning Mills Limited is scheduled for August 7, 2024, at Lahore to address issues unrelated to financial results. The primary agenda for this gathering remains unspecified, but it diverges from the typical financial discussions often associated with such meetings.
According to information available from the Pakistan Stock Exchange (PSX), this announcement coincides with a declared “Closed Period” for the company, starting from August 1, 2024, until the day of the meeting, August 7, 2024. During this time, directors, the CEO, and executives are prohibited from dealing in any manner with the company’s shares. This restriction, outlined under Clause 5.6.10 of the PSX Regulations, aims to prevent insider trading and ensure compliance during sensitive periods.
Stakeholders, particularly the certificate holders of the exchange, have been advised of these developments to maintain transparency and regulatory adherence.