Pakistan Refinery Limited Announces Upcoming Board Meeting and Closed Period

Karachi: Pakistan Refinery Limited has scheduled a board meeting for October 18, 2024, to review its quarterly financial performance for the period ending September 30, 2024. The meeting will take place in Karachi, where the Board of Directors will discuss the financial results and any declarations of entitlements.

According to information available from the Pakistan Stock Exchange (PSX), the company has also announced a closed period from October 11 to October 18, 2024, during which no director, CEO, or executive will be permitted to trade shares of the company. This is in compliance with PSX Regulation 5.6.1(d), ensuring transparency and fairness in the handling of insider information.

The closed period precedes the board meeting, a standard practice to prevent any insider trading based on the fiscal outcomes that will be discussed. Shareholders and potential investors are advised to note these dates, as significant decisions and financial disclosures are expected to be made public following the board's review.

The company has issued a notification to all TRE Certificate Holders regarding the closed period and the upcoming board meeting, ensuring all stakeholders are well informed and able to adjust their trading activities accordingly.