Lahore: Maple Leaf Cement Factory Ltd has announced an upcoming Board of Directors meeting scheduled for October 23, 2024, at the company’s registered office in Lahore via video conferencing. This meeting is set to discuss the quarterly accounts for the period ending September 30, 2024.
According to the notice sent to the Pakistan Stock Exchange (PSX), the board will review the financial performance of the past quarter and make decisions regarding any declarations of entitlements. The company has also declared a "Closed Period" starting October 16, 2024, through October 23, 2024, during which no director, CEO, or executive is permitted to trade company shares, adhering to PSX regulations.
This closed period is a standard practice intended to prevent any insider trading during times when executives have significant, unpublished information. According to information available from the Pakistan Stock Exchange (PSX), this regulatory measure ensures transparency and fairness in dealings related to the company’s shares.
Maple Leaf Cement has taken necessary steps to inform all TRE Certificate Holders of the exchange about the meeting and the closed period, maintaining compliance with market regulations.
The outcomes of this board meeting are eagerly awaited by stakeholders who are keen on the company’s recent financial health and future directives.