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Lahore, Waves Home Appliances Limited (WAVESAPP) has scheduled a Board of Directors meeting for 05 April 2024. The primary agenda for this meeting is to consider and approve the annual audited accounts for the year ended 31 December 2023. The meeting will take place in Lahore marking a significant event for the company as it reviews its financial performance over the past year.
In addition to the financial review, the Board will discuss the declaration of any entitlements or other corporate actions that may be deemed necessary. This announcement indicates a pivotal moment for WAVESAPP as it assesses its fiscal health and strategic direction moving forward.
WAVESAPP has also declared a “Closed Period” from 29 March 2024 to 05 April 2024, adhering to the requirements set forth in the Rule Book of the Pakistan Stock Exchange (PSX). During this period, Directors, the CEO, and Executives are prohibited from directly or indirectly dealing in the company’s shares. This measure is put in place to prevent any insider trading or unfair advantage based on the annual financial outcomes before they are publicly released.
The company has made arrangements to inform the TRE Certificate Holders of the PSX about the upcoming Board meeting and the Closed Period, ensuring compliance with regulatory requirements and maintaining transparency with its stakeholders.