Lahore: First Capital Investments Limited has scheduled a Board of Directors meeting for 04 October 2024 to discuss the annual audited accounts of the company and First Capital Mutual Fund for the fiscal year ending 30 June 2024. The meeting, which will take place at 12:30 p.m. in Lahore, will also consider potential entitlements and other corporate actions.
In accordance with the Listing Regulations and Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, the company has initiated a "Closed Period" from 27 September 2024 until 04 October 2024. During this period, no director, CEO, or executive is permitted to trade in the units of the fund.
According to information available from the Pakistan Stock Exchange (PSX), this standard procedure aims to prevent any insider trading and ensure that all shareholders are equally informed before any major financial or corporate decisions are made public.
The outcomes of the board meeting are anticipated to have significant implications for the shareholders of First Capital Investments Limited and investors in the First Capital Mutual Fund, as these might include decisions on dividends or other benefits.