Karachi: Clover Pakistan Limited has announced a scheduled meeting of its Board of Directors to be held on December 11, 2024, at the company's Corporate Office. The main agenda for the meeting includes reviewing and considering a proposal to recommend an increase in the company's Authorized Capital for approval by the General Body.

In compliance with the regulations set forth by the Pakistan Stock Exchange Limited, specifically clause 5.6.4 of its Rule Book, Clover Pakistan Limited has declared a Closed Period from December 5, 2024, to December 11, 2024. During this period, no directors, the CEO, or executives of the company will be permitted to engage in any transactions involving the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), the Closed Period is a standard practice to prevent insider trading and ensure the integrity of the financial markets. The company has communicated this information to the members of the Exchange as required.

Clover Pakistan Limited's board meeting will focus on the potential adjustment of the company's capital structure, a move that, if approved, could have significant implications for its future operations and financial strategy.