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Karachi: The Searle Company Limited has scheduled a Board of Directors meeting for July 31, 2024, to be held in Karachi and via videoconferencing. The agenda for the meeting will focus on matters other than financial results.
The company has initiated a “Closed Period” starting from July 25, 2024, until the meeting date, during which no Director, CEO, or Executive is permitted to buy or sell company shares. This measure complies with clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange (PSX) to ensure fairness and transparency ahead of the board meeting.
According to information available from the Pakistan Stock Exchange (PSX), the decision to prohibit share dealings during this period is a standard practice intended to prevent any insider trading or conflicts of interest as the directors prepare to discuss crucial agenda items.
Further details regarding the meeting’s outcomes and any necessary disclosures will be communicated to the PSX as per regulatory requirements. Certificate holders of the Exchange have been notified about these developments to ensure all parties are informed of the company’s compliance measures during this period.