Karachi: Oilboy Energy Limited has declared a "Close Period" commencing on October 10, 2025, due to the circulation of a resolution among its Board of Directors concerning certain business matters. This resolution is expected to contain price-sensitive information. The company has informed that this period will remain effective until the decision is communicated to the Pakistan Stock Exchange (PSX), adhering to the stipulations set out in clause 5.6.4 (d) of PSX Regulations.
During this Close Period, no director, CEO, or executive of Oilboy Energy Limited is permitted to engage in any transactions involving the company's shares, either directly or indirectly. This precautionary measure is intended to prevent any potential conflicts of interest or misuse of sensitive information during the deliberation of the resolution.
According to information available from the Pakistan Stock Exchange (PSX), Oilboy Energy Limited has taken this step as part of its regulatory compliance, ensuring transparency and integrity in its corporate governance practices. The company also advised that the TRE Certificate Holders of the Exchange be informed accordingly.
The decision underscores Oilboy Energy Limited’s commitment to maintaining fair trading practices and upholding the trust of its stakeholders during periods of critical business deliberations.