KARACHI: Nestlé Pakistan Limited has scheduled a board meeting for October 24, 2024, to discuss the quarterly financial outcomes for the period ending September 30, 2024. The meeting, set to commence at Lahore, will also address the declaration of any entitlements for shareholders.

The company has initiated a closed period starting October 17, 2024, which will last until the day of the meeting, as per the regulations outlined in Section 5.6.1(d) of the Pakistan Stock Exchange (PSX) guidelines. During this time, directors, CEOs, and other executive members are restricted from buying or selling company shares.

According to information available from the Pakistan Stock Exchange (PSX), this protocol aims to prevent any insider trading and maintain market fairness ahead of the public release of financial details. The company has advised that all TRE Certificate Holders of the exchange be notified about these dates and the scheduled board meeting.

The announcement is significant as it relates to shareholder interests and the company's compliance with market regulations ensuring transparency and fairness in dealings with its stocks.