Karachi, Pakistan Oxygen Limited (POL) has issued a notice to its shareholders regarding the upcoming book closure period, which will determine the entitlement of right shares. According to the announcement, the Share Transfer Books of the company will remain closed from September 29, 2023, to October 05, 2023, both days inclusive.

During this book closure period, the company will assess the eligibility of shareholders to receive right shares. Shareholders are reminded that only those transfers received in good order at the office of the Company's Share Registrar, CDC Share Registrar Services Limited, Head Office in Karachi, by the close of business on September 28, 2023, will be considered for the purpose of entitlement of right shares.

This crucial book closure period is a standard practice in the corporate world, allowing companies to determine which shareholders are eligible to receive additional shares or rights based on their existing holdings. It is an essential step in ensuring fairness and transparency in the allocation of right shares.

Shareholders of Pakistan Oxygen Limited are encouraged to take note of these dates and ensure that their share transfers are submitted in a timely manner to be eligible for right shares. The company's management aims to enhance shareholder value and believes that the issuance of right shares will contribute to the company's growth and success.

Investors and stakeholders in POL are advised to stay updated with further announcements and instructions from the company during this book closure period. This development is seen as a positive move by Pakistan Oxygen Limited as it looks to strengthen its position in the market and create value for its shareholders.