Nishat Power Limited to Review Annual Financial Statements in Upcoming Board Meeting

Lahore: Nishat Power Limited (“the Company”) has scheduled a Board of Directors meeting on September 3, 2024, to review the Annual Audited Financial Statements for the fiscal year that concluded on June 30, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the meeting will take place in Lahore and will focus on the financial performances and outcomes of the concluded fiscal year. This comes as the company enters a legally mandated “Closed Period” starting from August 27, 2024, to September 3, 2024, during which all directors, the CEO, and executives are prohibited from buying or selling company shares.

The “Closed Period” is in compliance with Clause 5.6.4(d) of the PSX Regulations, designed to prevent insider trading and maintain market integrity ahead of the dissemination of significant financial results. During this period, no transactions in the company’s shares are allowed by key insiders to ensure transparency and fairness in dealings.

Stakeholders, including TRE Certificate Holders of the Exchange, have been notified about the meeting and the restrictions during the Closed Period.

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