Pace (Pakistan) Limited Announces Extraordinary General Meeting for Key Approvals

Lahore: Pace (Pakistan) Limited has announced the convening of an Extraordinary General Meeting (EGM) slated for February 10, 2025, following the approval of its Board of Directors in a meeting held on January 14, 2025. The EGM will take place at the company's Registered Office in Lahore.

This critical meeting is set to address two significant agenda items: the approval of an Employees Stock Option Scheme and proposed changes to the Articles of Association of the Company. The meeting aims to secure shareholder consent for these initiatives, which are pivotal for the company’s future growth and governance.

The company has informed stakeholders that the share transfer books will remain closed from February 2, 2025, to February 10, 2025, inclusive. Transfers received by the Registrar and Share Transfer Office, Corplink (Pvt) Limited, located at Wings Arcade, 1-Commercial Model Town, Lahore, by the close of business on February 1, 2025, will be considered eligible for the EGM.

According to information available from the Pakistan Stock Exchange (PSX), Pace (Pakistan) Limited operates within the designated market category of the stock exchange, which plays an influential role in shaping the company’s stock performance and investor relations. This meeting represents a strategic move by the company to align its operational framework with its long-term objectives.

The notice for the Extraordinary General Meeting is being dispatched separately to all shareholders, ensuring that all pertinent details are communicated effectively. This development underscores the company’s commitment to transparency and active engagement with its shareholders.