TPL Corp Announces Book Closure for Profit Payment on TFCs

Karachi: TPL Corp Limited has issued a book closure notice for its third issue of Term Finance Certificates (TFCs), indicating a key upcoming profit payment.

Scheduled from September 25, 2024, to September 27, 2024, the Security Transfer Register will be closed in accordance with Sub-Clause 5C.8. (x.b) of the Rule Book of the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), this closure is a routine procedure to facilitate the distribution of profits on September 27, 2024.

These Term Finance Certificates, which are listed, privately placed, rated, and secured, represent a significant aspect of TPL Corp’s financing strategy. The closure period is essential for updating the register and ensuring that all eligible TRE Certificate Holders are accurately recorded for the profit payment.

The details have been communicated to TRE Certificate Holders of the Pakistan Stock Exchange to ensure compliance with the necessary regulations and transparency for investors involved in these securities.

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