AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, A meeting of the Board of Directors of Pakistan Refinery Limited (PRL) is scheduled for July 3, 2024, in Karachi to deliberate on the company’s Annual Business Plan for the fiscal year 2024-25.
The company has also announced a “Closed Period” from June 26 to July 3, 2024, in compliance with Clause 5.6.1.(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, no director, CEO, or executive is permitted to buy or sell company shares, either directly or indirectly.
According to information available from the Pakistan Stock Exchange (PSX), this restriction is a standard practice meant to prevent insider trading and to maintain market integrity during times when sensitive business plans are discussed that could influence the company’s stock price.
The details of the upcoming board meeting, including its agenda to review the Annual Business Plan, have been communicated to TRE Certificate Holders of the Exchange, ensuring all regulatory guidelines are strictly followed.