Karachi: Power Cement Limited has confirmed that its Board of Directors will convene on September 25, 2024, to evaluate the annual accounts for the fiscal year ending in June 2024, with a focus on declaring potential entitlements for stakeholders.
This upcoming meeting is crucial as it determines the financial standing and forward-looking statements regarding shareholder dividends or other entitlements after reviewing the performance from the past year. It’s an essential event for investors and stakeholders looking towards the company’s fiscal policies and health.
According to information available from the Pakistan Stock Exchange (PSX), the company has entered a Closed Period starting from September 18 to September 25, in compliance with PSX Regulations 5.6.1(d). This measure is to ensure that directors, the CEO, and executives do not trade company shares during a sensitive financial review period. This policy supports fair trading practices by restricting stock transactions during a time when insiders might have sensitive information.
In preparation for the board meeting, the TRE Certificate Holders of the Exchange have been duly informed to ensure all regulatory procedures are followed. The outcomes of this meeting are anticipated to provide a clearer picture of Power Cement’s financial health and strategic direction for the next fiscal year.
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