ROSEN, LEADING TRIAL ATTORNEYS, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG

NEW YORK, May 25, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc. (NASDAQ: PLUG) between August 9, 2022 and March 1, 2023, both dates inclusive (the “Class Period”) of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8846734

Zephyr Textiles Limited: Executive Director Purchases 13,500 Shares at a Rate of 9.00

Karachi, Zephyr Textiles Limited announced that its Executive Director, Mussaid Hanif, has executed a transaction involving the purchase of shares in the company. The details of the transaction are as follows:

On May 25, 2023, Mussaid Hanif, serving as the Executive Director of ZEPHYR TEXTILES LIMITED, acquired 13,500 shares of the company. The shares were purchased at a rate of 9.00 per share.

The transaction was conducted through the Central Depository Company (CDC) using CDC's form of share certificates.

Gul Ahmed Textile Mills Limited to Announce Quarterly Accounts in Upcoming Board Meeting

Karachi, The Board of Directors of Gul Ahmed Textile Mills Limited convened today at their headquarters to discuss and deliberate on the company's financial performance for the first quarter of 2023, ending on March 31. The meeting primarily focused on the declaration of any entitlement resulting from the quarterly accounts.

The closed period for Gul Ahmed Textile Mills Limited commenced on May 26, 2023, and will continue until June 5, 2023.

Lucky Cement Limited Approves Buy-Back of Shares in Extraordinary General Meeting

Karachi, Lucky Cement Limited, a leading cement manufacturing company, announced the approval of a buy-back program for its shares during an Extraordinary General Meeting held on May 24, 2023.

The resolution passed in the meeting granted Lucky Cement Limited the authority to purchase and buy-back up to 23,800,000 (Twenty-Three Million Eight Hundred Thousand) issued ordinary shares of the company. These shares, with a face value of PKR 10/- (Pak Rupees Ten) each, constitute approximately 7.59% of the current issued and paid-up share capital of the company.

The buy-back process will be conducted through the securities exchange, and the purchase period is set to begin on June 2, 2023, and continue until November 20, 2023, or until the completion of the buy-back, whichever occurs earlier.

Alfalah Asset Management Limited Announces Daily Dividend Distribution for Alfalah Islamic Rozana Amdani Fund June 30, 2023

Karachi, Alfalah Asset Management Limited (formerly Alfalah GHP Investment Management Limited) has approved the distribution of dividends for the Alfalah Islamic Rozana Amdani Fund (AIRAF), with a daily distribution of Re. 0.0535 per unit. This announcement was made by the Chief Executive on behalf of the company's Board of Directors.

The dividend will be paid to the unit holders whose names appeared in the unit holder register at the close of May 25, 2023. This distribution reflects the company's commitment to delivering regular returns and maximizing value for its investors.

Habib Bank Limited’s Executive, Mr. Salman Ali Jafri, Discloses Share Transactions

Karachi, Mr. Salman Ali Jafri, an executive of Habib Bank Limited (HBL), and his spouse made several share transactions. The details of the transactions are as follows:

On May 25, 2023, Mr. Salman Ali Jafri executed a sale transaction. He sold 12,347 shares of HBL at a rate of 73.00 per share. The shares were in the form of CDC (Central Depository Company) and were ready for trading on the market.

Additionally, on the same date, Mr. Salman Ali Jafri made another sell transaction. He sold 2,000 shares of HBL at a rate of 73.01 per share. Similar to the previous transaction, the shares were in CDC form and ready for trading.

Furthermore, Mr. Salman Ali Jafri conducted a third sell transaction on May 25, 2023. He sold 425 shares of HBL at a rate of 73.02 per share. These shares, too, were in CDC form and ready for trading.

The disclosure of these share transactions by Mr. Salman Ali Jafri, an executive of Habib Bank Limited, provides transparency regarding the financial activities of key individuals within the company.

Substantial Shareholder Aga Khan Fund for Economic Development Increases Stake in Habib Bank Limited

Karachi, the Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has increased its stake in the company through multiple transactions. The details of these transactions, executed by the fund and its representatives, are as follows:

On May 25, 2023, the Aga Khan Fund for Economic Development purchased 1,000 shares of Habib Bank Limited at a rate of 72.49 per share. The transaction was carried out through the Central Depository Company (CDC) and the shares were in ready form.

Additionally, on the same day, the fund made another substantial purchase, buying 13,000 shares of the company at a rate of 72.50 per share. These shares were also in ready form through the CDC.

Furthermore, the Aga Khan Fund for Economic Development executed several more transactions on May 25, 2023, acquiring shares of Habib Bank Limited as follows:

2 shares at a rate of 72.61 per share

1,498 shares at a rate of 72.66 per share

1,000 shares at a rate of 72.70 per share

237,521 shares at a rate of 72.75 per share

3,500 shares at a rate of 72.80 per share

8,000 shares at a rate of 72.81 per share

197 shares at a rate of 72.99 per share

548,279 shares at a rate of 73.00 per share

All these transactions were conducted through the CDC, and the shares were in ready form.

UBL Fund Managers Approves Interim Cash Dividends for Various Investment Plans

Karachi, UBL Fund Managers Limited, a leading investment management company, has announced the approval of interim cash dividends for several investment plans. The decision was made by the Chief Executive Officer, acting under the authority granted by the Board of Directors.

The UBL Special Savings Plan-VII, a popular investment option, will provide an interim cash dividend of Re.0.0701 per unit, equivalent to 0.07%. Investors who hold units in this plan as of the closing of business on May 25, 2023, will be eligible for this distribution.

In addition, the Al-Ameen Islamic Cash Plan-I, which operates under the Al-Ameen Islamic Cash Fund, will offer an interim cash dividend of Re.0.0521 per unit, representing 0.05%. Investors who hold units in this plan as of the specified date will receive this dividend.

Similarly, the UBL Special Savings Plan-V will provide an interim cash dividend of Re.0.0567 per unit, equivalent to 0.06%. Unit holders who have their names registered in the unit holder register by the end of May 25, 2023, will be entitled to receive this dividend.

Faysal Asset Management Limited Announces Interim Distribution for Fiscal Year 2023

Karachi, Faysal Asset Management Limited (FAML) has recently approved the interim distribution for the year ending 30 June 2023 on behalf of their funds under management. The Chief Executive Officer of FAML, authorized by the Board of Directors, announced the details of the interim distribution on 25 May 2023.

The Faysal Islamic Cash Fund, one of the funds managed by FAML, will be distributing an interim payout of Rs 0.0523 per unit. This amount represents 0.0523% of the Net Asset Value (NAV) at the beginning of the year.

Unit holders who held their positions in the fund as of the close of business on 25 May 2023 will be entitled to receive the aforementioned interim distribution.

Pakgen Power Limited Director Discloses Substantial Shareholder’s Purchase of 600,000 Shares

Karachi, Pakgen Power Limited Director has made a disclosure regarding the purchase of shares by a substantial shareholder. The transaction took place on May 24, 2023, and involved NISHAT MILLS LIMITED, a significant stakeholder in the company.

According to the disclosure, Nishat Mills Limited acquired 600,000 shares of Pakgen Power Limited. The shares were purchased at a rate of 35.00 per share, and the transaction was conducted through the Central Depository Company (CDC). The shares are in the form of share certificates and were acquired from the market.