Karachi: United Distributors Pakistan Limited has announced an emergent meeting of its Board of Directors, set to take place via video link on December 5, 2024. This meeting will convene at the company's registered office in Karachi. The purpose of this meeting, distinct from financial results discussions, is to address unspecified matters that necessitate urgent attention.
In compliance with Pakistan Stock Exchange (PSX) regulations, United Distributors has declared a closed period from December 3 to December 5, 2024. During this timeframe, the company's Directors, CEO, and Executives are prohibited from directly or indirectly dealing in company shares. This restriction is in alignment with clause 5.6.1 (d) of PSX regulations, ensuring transparency and compliance with market rules.
According to information available from the Pakistan Stock Exchange (PSX), the company has committed to disseminating any material information arising from this meeting to the exchange. This ensures that any significant developments are communicated promptly to investors and stakeholders.
The company has also advised that TRE Certificate Holders of the exchange be informed accordingly, reinforcing adherence to regulatory protocols and maintaining informed trading practices.