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United Bank Limited (UBL) announced a revised Closed Period following a change in its 247th Board of Directors meeting schedule. The Board will now convene on 20 December 2023 at 10:00 a.m. in Karachi to consider and approve the budget for 2024. The Closed Period, during which Directors, CEO, and Executives (earning Rs.1,200,000/- or more annually) are prohibited from dealing in UBL shares, is now from 11 December 2023 to 20 December 2023.
| Date | 11 Dec 2023 |
| Time | 10:07:16 |
| Category | AGMs and other meetings |
| ID | 3432W |
Secretary's Department
Misc. Circular No. ___________
11 December, 2023
Revised
All Directors
President & CEO
All Executives (i.e. an employee of UBL other than the CEO and Directors whose basic salary is equal to or more than Rs.1,200,000/- (Rupees One Million Two Hundred Thousand) in a financial year).
Notice for Change in the Closed Period
This is in continuation of the Misc. Circular No.7107 dated 07 December 2023. The 247th Meeting of the Board of Directors of the UBL will now be held on 20 December 2023 at Karachi at 10:00 a.m. inter-alia, to consider and approve the budget for the year 2024.
The Closed Period has been changed accordingly. it is hereby intimated that the "Closed Period" in respect of said meeting of UBL shall now be from 11 December 2023 to 20 December 2023 i.e. (both days inclusive).
In compliance with the requirements of the Rule Book of Pakistan Stock Exchange, no Director, CEO or Executive of UBL (as per Companies Act 2017, an employee, other than the Chief Executive and directors, whose basic salary exceeds Rs. 1,200,000/- (Rupees One Million Two Hundred Thousand) in a financial year) shall, directly or indirectly, deal in, buy / sell, in the shares of UBL in any manner during this Closed Period.
Please ensure meticulous observance/compliance with the above instructions / requirements of Rule Book of Pakistan Stock Exchange.
Sd/-
Aqeel Ahmed Nasir
Company Secretary &
Chief Legal Counsel