Karachi: The Board of Directors of The Searle Company Limited is set to meet on October 7, 2024, in Karachi and via videoconferencing, to review and approve the audited financial statements for the fiscal year ending June 30, 2024. This session will also cover the declaration of any entitlements.
The meeting, crucial for financial oversight, will focus on both separate and consolidated financial documents of the company. According to information available from the Pakistan Stock Exchange (PSX), the directors will also assess potential entitlements to be declared following the review of the company’s financial results.
In accordance with the regulations of the PSX, specifically clause 5.6.4 of the Rule Book, The Searle Company has announced a "Closed Period" from October 1, 2024, to October 7, 2024. During this time, company executives, including directors and the CEO, are prohibited from buying or selling company shares.
The restrictions are placed to prevent any insider trading based on the fiscal disclosures made during the board meeting. Shareholders of the company, particularly those holding certificates, are advised to take note of these dates for compliance and governance adherence.