GWGHQ FINAL DEADLINE ALERT: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages GWG Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – GWGHQ

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of GWG Holdings, Inc. L Bonds or Preferred Stock of GWG (“GWG securities”) (OTC: GWGHQ) between December 23, 2017 and April 20, 2022, both dates inclusive (the “Class Period”), of the important June 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased GWG securities 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 GWG class action, go to https://rosenlegal.com/submit-form/?case_id=14048 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 2, 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 handle 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: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) they intended to misappropriate GWG assets; (2) GWG’s life insurance investment business had failed; and (3) GWG could only repay prior investors by issuing increasing amounts of securities to new investors. In essence, defendants had turned GWG into a Ponzi scheme. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GWG class action, go to https://rosenlegal.com/submit-form/?case_id=14048 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

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 8850788

MPW FINAL DEADLINE NOTICE: GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Medical Properties Trust, Inc. Investors with Losses Over $100K to Secure Counsel Before Important June 12 Deadline in Securities Class Action – MPW

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Medical Properties Trust, Inc. (“MPT”) (NYSE: MPW) between July 15, 2019 and February 22, 2023, both dates inclusive (the “Class Period”), of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased MPT securities 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 MPT class action, go to https://rosenlegal.com/submit-form/?case_id=12794 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: According to the lawsuit, defendants made materially false or misleading statements and/or failed to disclose that: (1) the Company masked the distressed state of its tenants through sale-leaseback arrangements which were essentially round-robin transactions in that they allowed debt-saddled tenants to meet their obligations in the short-term; (2) the Company fraudulently transferred hundreds of millions of dollars in what amounted to a bailout of financially distressed tenants; (3) the Company concealed its fraudulent transfers with fake construction projects with purportedly high capital expenses, despite the fact that the Company entered into “triple-net leases,” which meant that its tenants were obligated to pay a significant portion of expenses, such as real estate taxes, insurance, and maintenance; and (4) as a result, the Company’s public statements, including those with respect to the Pennsylvania Properties, were materially false and misleading at the time they were made. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the MPT class action, go to https://rosenlegal.com/submit-form/?case_id=12794 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

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 8850780

BIRD IMPORTANT DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Allbirds, Inc. Investors to Secure Counsel Before Important June 12 Deadline in Securities Class Action – BIRD

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of: (i) Allbirds, Inc. (NASDAQ: BIRD) Class A Common Stock pursuant and/or traceable to the registration statement in connection with the Company’s November 2021 initial public offering (“IPO”); and/or (ii) Allbirds securities between November 4, 2021 and March 9, 2023, both dates inclusive (the “Class Period”) of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Allbirds securities 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 Allbirds class action, go to https://rosenlegal.com/submit-form/?case_id=12941 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: According to the lawsuit, defendants in the IPO registration statement and throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Allbirds was overemphasizing products that extended beyond the Company’s core offerings; (2) the Company’s non-core products had a narrower appeal and were not resonating with customers as well as the Company’s core products; (3) Allbirds was underinvesting in its core consumers’ favorite products to push the Company’s newer products with narrower appeal; (4) underinvesting in Allbirds’ core products was negatively impacting the Company’s sales; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Allbirds class action, go to https://rosenlegal.com/submit-form/?case_id=12941 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

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 8850767

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Cutera, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CUTR

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Cutera, Inc. (NASDAQ: CUTR) between February 17, 2021 and May 9, 2023, both dates inclusive (the “Class Period”) of the important July 24, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Cutera securities 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 Cutera class action, go to https://rosenlegal.com/submit-form/?case_id=16520 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 July 24, 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: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) overstated the sustainability of Cutera’s revenue growth; (2) failed to disclose significant conflicts among members of the Company’s senior leadership and Board; (3) failed to disclose several material weaknesses in the Company’s internal control over financial reporting; and  (4) as a result of the foregoing, and the significant decline in the market value of the Company’s common stock, Plaintiff and other members of the Class suffered significant damages. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cutera class action, go to https://rosenlegal.com/submit-form/?case_id=16520 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

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 8850766

HSAI FINAL DEADLINE ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Hesai Group Investors to Secure Counsel Before Important June 6 Deadline in Securities Class Action Filed by the Firm – HSAI

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and/or traceable to Company’s initial public offering conducted in February 2023 (the “IPO”), of the important June 6, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Hesai securities 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 Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347 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 6, 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: According to the lawsuit, the IPO Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group’s gross margin was 30% for the fourth quarter—which was completed over a month before the date of the amended registration statement; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

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 8850763

UPDATE – Berliner Tageszeitung: Criminal complaint in Berlin, Germany, against Elon Musk and Twitter for possible fraud to the detriment of users

Berliner Tageszeitung: Criminal complaint in Berlin, Germany, against Elon Musk and Twitter for possible fraud to the detriment of users

Berliner Tageszeitung: Criminal complaint in Berlin, Germany, against Elon Musk and Twitter for possible fraud to the detriment of users

BERLIN, May 31, 2023 (GLOBE NEWSWIRE) — BERLINER TAGESZEITUNG reports today that a criminal complaint has been filed against Elon Musk with the Berlin public prosecutor’s office, file number: 253 UJs 1012/23, alleging that Musk charged Twitter users’ credit cards but suspended verified Twitter accounts without giving any reason.

Source: https://www.BerlinerTageszeitung.de/wirtschaft/269895-criminal-complaint-in-berlin-germany-against-elon-musk-and-twitter-for-possible-fraud-to-the-detriment-of-twitter-users.html

“Blocking user accounts is a daily occurrence at Twitter, but the fact that they then continuously charge money to users’ credit cards makes the matter explosive and is currently occupying the Berlin Public Prosecutor’s Office (Federal Republic of Germany). In any case, the question arises as to how much power a medium like Twitter can be granted at all and when the regulatory authorities should intervene to protect Twitter users.”

Incidentally, this is not the first time Elon Musk has been investigated, as there is also currently an investor lawsuit against Tesla CEO Elon Musk. The lawsuit is about Musk’s tweets in August 2018 with the premature announcement that he wanted to take the electric car company off the stock market and had secured the financing to do so. It later emerged that there were no firm commitments from investors.

“Elon Musk lied,” said a lawyer for the plaintiffs.

US Judge Edward Chen (Judge of the United States District Court for the Northern District of California) had already found in the 2022 trial that Musk’s statements in the tweets had not been true.

“We will continue to monitor the case closely and report further developments as new information becomes available. It remains to be seen how the criminal charges against Elon Musk and Twitter will develop and what the consequences might be.”

From a factual point of view, it should be noted that according to Article 48 of the Charter of Fundamental Rights of the European Union, the presumption of innocence applies to defendants and accused persons, which must also apply in the case of the criminal charges against Elon Musk for “suspected fraud to the detriment of Twitter users”.

META KEYS: Elon Musk, Elon Musk Twitter, Elon Musk Strafanzeige, Twitter accounts, Thierry Breton, Thierry Breton Twitter, Berlin public prosecutor’s office against Elon Musk, Twitter users, BERLINER TAGESZEITUNG, verified Twitter accounts

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3c50532-be3a-4bad-8e85-7253731d594c

Press Contact:
BERLINER TAGESZEITUNG
Press Contact: P. Hansen
Unter den Linden 21
10117 Berlin
Germany
Mail: Info@DeutscheTageszeitung.de
Web: http://www.DeutscheTageszeitung.de

GlobeNewswire Distribution ID 8849934

Saritow Spinning Mills to Hold Extraordinary General Meeting on June 22, 2023 in Lahore

Karachi, In an announcement today, Saritow Spinning Mills Limited revealed that an Extraordinary General Meeting of Shareholders is scheduled to take place on June 22, 2023, in Lahore. The meeting aims to address several important matters, including the confirmation of the minutes from the Annual General Meeting held on October 28, 2022.

Saritow Spinning Mills has an Authorized Share Capital of Rs. 450,000,000 (Rupees Four Hundred Fifty Million Only), which is divided into 45,000,000 Ordinary Shares of Rs. 10/- each.

During the meeting, the shareholders will also vote on a resolution authorizing the Chief Executive and Company Secretary to undertake various necessary actions. This includes the appointment of consultants and advisors, completion of legal formalities, and the filing of required documents with the Securities and Exchange Commission of Pakistan (SECP) and the Stock Exchange.

Furthermore, it has been announced that the Share Transfer Books of the company will remain closed from June 15, 2023, to June 22, 2023, both days inclusive. This closure will facilitate the processing of necessary administrative tasks related to the meeting.

The Extraordinary General Meeting presents an opportunity for Saritow Spinning Mills' shareholders to actively participate in decision-making processes that shape the company's future. With a range of important topics on the agenda, the meeting is expected to generate productive discussions and strategic planning for the company's growth and success.

“Baluchistan Wheels Limited Announces Extraordinary General Meeting to Discuss Share Capital Increase and Other Business Matters”

Karachi, In an official notice, Baluchistan Wheels Limited has announced an Extraordinary General Meeting to be held on June 22, 2023, in Baluchistan, or alternatively online via Zoom. The meeting aims to address several important matters pertaining to the company's future.

The agenda includes both ordinary and special business items. Firstly, the confirmation of the minutes of the 421111 Annual General Meeting held on October 1, 2022, will be discussed.

The most significant matter on the agenda is the proposal to increase the company's Authorized Share Capital. The proposal suggests raising it from Rs. 250,000,000/- to Rs. 1,250,000,000/-. In line with this, the Memorandum of Association and Articles of Association will be amended accordingly.

The resolutions proposed to achieve this increase in share capital involve dividing the capital into 125,000,000/- ordinary shares of Rs. 10/- each, with the addition of 100,000,000/- ordinary shares of Rs. 10/- each. The alterations to the Memorandum and Articles of Association will replace the existing figures and words with the new values.

Furthermore, it is resolved that the Chief Executive Officer and the Company Secretary be authorized individually to complete all necessary legal and corporate formalities to implement the aforementioned resolutions.

Apart from the special business, the meeting also allows for the discussion of any other matters with the permission of the Chairman.

To facilitate the necessary preparations, the Share Transfer Books of the Company will remain closed from June 15, 2023, to June 22, 2023, inclusive.

Roshan Packages Limited Calls Extraordinary General Meeting to Discuss Share Capital Increase and Digital Transmission of Annual Report

Karachi, Roshan Packages Limited has informed its members about an upcoming Extraordinary General Meeting (EOGM) scheduled to take place on June 22, 2023, in Lahore. The meeting will also be accessible through a video-link, enabling remote participation. The purpose of the meeting is to discuss and seek approval on two important matters that are expected to shape the company's future.

The first item on the agenda involves a proposed increase in Roshan Packages Limited's authorized share capital. The resolution to be presented seeks the members' consent to enhance the authorized share capital from Rs. 2,000,000,000 (Rupees Two Billion) to Rs. 3,000,000,000 (Rupees Three Billion Only). The increase will be achieved by dividing the share capital into 300,000,000 ordinary shares of Rs. 10/- each, as opposed to the current 200,000,000 ordinary shares.

Furthermore, a special resolution will be proposed to amend Clause V of the company's Memorandum of Association, aligning it with the increased authorized share capital. If approved, this resolution will reflect the necessary changes required to implement the proposed share capital increase.

The second matter to be discussed and voted upon is the transmission of the annual balance sheet, profit & loss account, auditors report, director’s report, and other relevant documents to the company's shareholders. Roshan Packages Limited aims to adopt a modern approach, in line with the Securities and Exchange Commission of Pakistan's SRO No. 389(I)/2023 dated March 21, 2023. According to this regulation, the company seeks approval to use QR-enabled codes and weblinks to circulate the Annual Audited Financial Statements and accompanying reports to shareholders, instead of traditional methods involving CDs, DVDs, or USBs.

In support of this proposal, the shareholders will vote on an Ordinary Resolution to authorize the company to transmit the required documents through QR-enabled codes and weblinks. The Chief Executive Officer and/or Company Secretary of Roshan Packages Limited will be granted the necessary power and authority to implement this resolution and carry out all actions and procedures required for its execution.

Cherat Packaging Limited Announces Interim Cash Dividend and Dispatches Bonus Shares to Shareholders

Karachi, Cherat Packaging Limited has recently made an important announcement for its esteemed shareholders. The company has successfully credited the interim cash dividend for the period ending March 31, 2023, at a rate of 10% (equivalent to Re. 1.00/- per share) directly into the designated bank accounts of the shareholders. The payment was executed electronically by the company's paying agent on May 22, 2023.

In addition to the cash dividend, Cherat Packaging Limited is pleased to inform its shareholders that 5% interim bonus shares have been allocated to those shareholders who hold shares in electronic form in the Central Depository System (CDS) of the Central Depository Company (CDC). These bonus shares were successfully credited to the respective accounts of the shareholders in the CDS on May 30, 2023.

For those shareholders who possess shares in physical form, Cherat Packaging Limited has dispatched the bonus share certificates through registered post on May 31, 2023, ensuring the safe and timely delivery of the shares.

Faran Sugar Mills Announces Board Meeting Decisions, Proposes Increase in Authorized Share Capital

Karachi, In a recent board meeting held on June 1, 2023, Faran Sugar Mills Limited made significant recommendations aimed at strengthening the company's financial position and future growth. The following decisions were proposed and are subject to approval by the members:

1. Increase in Authorized Share Capital: The board recommended raising the Authorized Share Capital of the company from Rs. 400,000,000/- to Rs. 2,400,000,000/-, divided into 240,000,000 ordinary shares of Rs. 10/- each. This alteration in the Memorandum and Articles of Association is aimed at facilitating the company's expansion plans.

2. Authorization for Legal Formalities: The Chief Executive and Company Secretary have been authorized to complete all necessary legal and corporate formalities associated with the proposed increase in Authorized Share Capital.

3. Extra-Ordinary General Meeting Scheduled: An Extra-Ordinary General Meeting (EOGM) has been scheduled for June 22, 2023, at 11:00 AM. During this meeting, shareholders will discuss and vote on the proposed increase in Authorized Share Capital and related matters.

4. Share Transfer Books to Be Closed: In preparation for the EOGM, the share transfer books of Faran Sugar Mills Limited will be closed from June 16, 2023, to June 22, 2023, inclusively. This closure will ensure accurate records and facilitate the smooth conduct of the meeting.

The notice of the EOGM will be sent to the shareholders in due course, providing them with the necessary information and documentation related to the meeting. These proposed decisions reflect Faran Sugar Mills' commitment to strategic growth and aligning its capital structure with future objectives.

Mari Petroleum Company Announces Extraordinary General Meeting to Increase Authorized Share Capital

Karachi, Mari Petroleum Company Limited has revealed plans to hold an Extraordinary General Meeting on June 23, 2023, in Islamabad. The primary agenda of the meeting is to discuss and approve the proposed increase in the company's authorized share capital.

The resolution put forth states that the current authorized share capital of Rs. 13,090,001,000, divided into 1,309,000,100 ordinary shares of Rs. 10 each, will be raised to Rs. 170,000,000,000, divided into 17,000,000,000 ordinary shares of Rs. 10 each. The newly issued shares will possess equal voting rights and rank on par with the existing ordinary shares, in accordance with the provisions of Section 85 of the Companies Act, 2017.

Moreover, any necessary amendments, modifications, additions, or deletions to the Memorandum and Articles of Association of the Company will be made as required by applicable laws and subject to the approval of the Managing Director/CEO. These changes will be considered part of the special resolution, eliminating the need for further resolutions.

To execute the aforementioned purposes, the Managing Director/CEO and the Company Secretary, either individually or jointly, are granted authorization to undertake all necessary actions, deeds, and tasks. They will be responsible for ensuring the full implementation and effect of the resolutions.

The meeting also allows for the discussion of any other business with the permission of the Chair.

During the period from June 16, 2023, to June 23, 2023, both days inclusive, the Share Transfer Books of the Company will remain closed.