Karachi: 786 Investments Limited has announced a board meeting on September 18, 2024, to discuss and potentially approve the financial statements for the year ending June 30, 2024. The meeting, set in Karachi, will also consider the possibility of distributing dividends to shareholders.
The agenda includes a review of the annual financial performance of 786 Investments Limited, with an emphasis on the outcomes of their managed collective investment scheme, particularly the 786 Smart Fund. Decisions regarding the distribution of dividends will hinge on the financial health and profitability demonstrated in these statements.
Furthermore, the company has instituted a "Closed Period" from September 12 to September 18, 2024, as mandated by Clause 5.6.1(d) of the PSX Rule Book. During this period, no director, CEO, or executive is permitted to trade the company's shares. This measure is designed to prevent insider trading and ensure compliance with market regulations.
According to information available from the Pakistan Stock Exchange (PSX), such closed periods are critical for maintaining fairness and transparency in the financial markets, especially before significant announcements that could affect stock prices.
The stakeholders, including TRE Certificate Holders, have been duly informed about the upcoming board meeting and the associated trading restrictions to uphold stringent governance standards and market compliance.