Islamabad: Murree Brewery Company Limited announced a forthcoming board meeting scheduled for September 20, 2024, at Rawalpindi, where directors will review the annual audited financial statements for the fiscal year that concluded on June 30, 2024. The agenda also includes the potential declaration of dividends.
The Board of Directors will convene to assess the company's financial performance over the past year and discuss the distribution of profits to shareholders. This meeting is critical as it follows the completion of the fiscal year and typically precedes announcements regarding shareholder dividends.
According to information available from the Pakistan Stock Exchange (PSX), a "Closed Period" has been declared by Murree Brewery from September 12, 2024, to September 20, 2024. During this time, directors, the CEO, and executives are prohibited from buying or selling company shares, adhering to the PSX Regulations, specifically Clause 5.6.4. This standard practice aims to prevent insider trading and ensure transparency during the pivotal financial review period.
Stakeholders, including certificate holders of the exchange, have been duly informed about the meeting and the closed period. The outcomes of this board meeting are anticipated to influence the company's stock performance on the PSX, pending any announcements regarding financial results or shareholder entitlements.