Rawalpindi: Pakistan Oilfields Limited has scheduled a Board of Directors meeting for September 2, 2024, in Rawalpindi to review the financial accounts for the year ended June 30, 2024. In conjunction with this meeting, a closed period has been declared from August 8 to September 2, 2024.
The upcoming board meeting will focus on the financial outcomes and strategic decisions following the close of the fiscal year. The results of this meeting are expected to be made public on September 3, 2024, following the closure of the Pakistan Stock Exchange (PSX) trading hours, as the meeting is set to conclude after market closing.
During the declared closed period, directors, the CEO, and executives are prohibited from trading shares of Pakistan Oilfields Limited and its associated companies, Attock Petroleum Limited and National Refinery Limited. This restriction is in accordance with clause 5.6.4 of the PSX Rule Book, which aims to prevent insider trading and ensure fairness in the handling of sensitive financial information.
According to information available from the Pakistan Stock Exchange (PSX), the enforcement of this closed period is critical in maintaining market integrity and compliance with regulatory standards. The designated market category for this announcement is corporate governance and regulatory compliance, emphasizing the importance of strict adherence to trading laws during sensitive periods.
Stakeholders, including TRE Certificate Holders, have been duly informed to align with the regulatory expectations and prepare for the outcomes of the upcoming board deliberations.