Karachi: Hino has announced that its Board of Directors will convene a meeting on January 29, 2025, at 1:30 p.m. The meeting will take place at the company's registered office located at 0-2, Manghopir Road, Karachi. The primary agenda of this meeting is to consider the Quarterly Accounts for the period ending December 31, 2024.
In compliance with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, Hino has declared a "Closed Period" from January 22, 2025, to January 29, 2025, inclusive. During this time, no Director, CEO, or Executive of the company shall directly or indirectly engage in transactions involving the company's shares. This measure ensures transparency and fairness in the trading of the company's shares.
According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard practice for companies listed on the exchange, implemented to prevent insider trading and uphold market integrity.
The company has advised the TRE Certificate Holders of the Exchange to be informed of these developments accordingly. This meeting and the subsequent closed period are crucial as they align with the regulatory framework set forth by the PSX, ensuring that all stakeholders are aware of the company's financial standing and comply with trading regulations.