Lahore: Kot Addu Power Company Limited has announced a board meeting scheduled for October 23, 2024, at Islamabad to review the quarterly accounts for the period ending September 30, 2024. The meeting is set to discuss potential entitlements and financial adjustments based on the company's recent performance.
The company has also initiated a closed period from October 17 to October 23, in compliance with PSX Regulations 5.6.1(d). During this period, no director, CEO, or executive is permitted to trade shares of the company, directly or indirectly. This measure ensures transparency and fairness in handling insider information that could influence stock prices.
The closed period coincides with the lead-up to the quarterly financial disclosure, a critical time for assessing the company’s financial health and operational outcomes. According to information available from the Pakistan Stock Exchange (PSX), the results of this meeting will be significant in shaping the company's strategies moving forward, particularly in how they align with market expectations and regulatory standards.
Stakeholders, including TRE Certificate Holders of the Exchange, have been advised of the meeting details and the restrictions in place during the closed period, highlighting the company's adherence to corporate governance standards.