KARACHI – United Financial institution Restricted (UBL) has introduced that its 253rd Board of Administrators assembly is scheduled for Sunday, December 22, 2024, at 10:00 a.m. in Karachi, the place the principle agenda will likely be to contemplate and approve the financial institution’s price range for the 12 months 2025.
In compliance with the Pakistan Inventory Alternate (PSX) laws, UBL has declared a “Closed interval” from December 13, 2024, to December 20, 2024. Throughout this time, administrators, the CEO, and executives are prohibited from buying and selling shares of the financial institution.
This procedural transfer aligns with Clause 5.6.4 of the PSX Regulation, which is designed to forestall insider buying and selling and keep market integrity. The closed interval is a typical follow forward of serious company occasions, reminiscent of board conferences the place delicate monetary selections and forecasts are mentioned.
The announcement of the board assembly and the closed interval has been communicated to related events, together with the Pakistan Inventory Alternate in Karachi and the London Inventory Alternate (LON:LSEG) within the UK, in addition to the Commissioner of the Enforcement & Monitoring Division on the Securities and Alternate Fee of Pakistan (SECP) in Islamabad.
This info is predicated on a press launch assertion and is meant to maintain shareholders and the market knowledgeable of the financial institution’s company governance practices and upcoming monetary planning actions. It’s not an endorsement or promotion of UBL’s market place or future prospects.
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