First National Equities Limited to Hold Board Meeting to Determine Director Count

Lahore: First National Equities Limited has announced a forthcoming board meeting, scheduled on May 27, 2025, in Lahore, with the primary agenda of establishing the number of directors for the upcoming elections. This meeting is distinct in that it will not include discussions on financial results.

In compliance with the Pakistan Stock Exchange (PSX) regulations, the company has declared a "Closed Period" from May 26 to May 27, 2025. During this interval, no director, CEO, or executive of the company will be permitted to buy or sell shares, either directly or indirectly. This measure is a standard requirement under Clause 5.6.1(d) of the PSX Regulations, intended to prevent any potential conflicts of interest or insider trading during critical corporate decision-making processes.

According to information available from the Pakistan Stock Exchange (PSX), the announcement has been communicated to the TRE Certificate Holders of the Exchange. This procedural step ensures that all relevant stakeholders are informed of the restrictions and the forthcoming meeting agenda. The company has not disclosed further details beyond the stated purpose of the meeting.