Karachi October 9 2024: An emergent meeting of the Board of Directors of Hub Power Company will be held tomorrow to discuss the terms proposed for the premature termination in October 2024, of the Company’s Implementation Agreement, Power Purchase Agreement, Fuel Supply Agreement and the Guarantee which were scheduled to expire in March 2027, in light of the discussions with the Task Force constituted under the Prime Minister’s Office and certain IPPs, including the Company.
The meeting will be held on Thursday, October 10, 2024 at 10:30 a.m. at the Company’s Head Office, 9th Floor, Ocean Tower, Block-9, Main Clifton Road.
The Company has declared the “Closed Period” from Wednesday, October 9, 2024 to Thursday, October 10, 2024 (both days inclusive). As required under Clause 5.6.4 of PSX Regulations. Accordingly, no Director, CEO or Executive shall, directly/indirectly, deal in the shares of the Company in any manner during the Closed Period.
