Karachi: Lotte Chemical Pakistan Ltd. has announced the closure of its share transfer books from August 17 to August 23, 2025. This measure aims to determine the eligibility of shareholders for receiving offer letters, in compliance with Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

According to the company's notification, this period of closure is necessary to facilitate the administrative process associated with the substantial acquisition of voting shares and takeovers. The decision is in line with regulatory requirements that guide the process of determining shareholder entitlements during significant corporate actions.

The notice of book closure will be published in newspapers to ensure that all stakeholders are adequately informed. This step is part of the company's commitment to maintaining transparency and effective communication with its shareholders and the broader market community.

According to information available from the Pakistan Stock Exchange (PSX), the closing of the share transfer books is a routine procedure in the context of corporate governance and compliance. It is a necessary step to finalize the list of shareholders eligible to participate in the upcoming corporate actions.

The company has also requested that the TRE Certificate Holders of the Exchange be notified accordingly, ensuring that all market participants are aware of the book closure period. This move underscores the importance of adhering to regulatory frameworks and maintaining orderly market conduct.

Lotte Chemical Pakistan Ltd. is a key player in the chemical sector, and this announcement is of particular interest to investors and entities involved in substantial acquisitions within the designated market category.