⏸️ SLGL: HOLD Signal (5/10) – Notice of Extraordinary General Meeting

📌 Key Takeaways

• 🗓️ EOGM to be held on November 4th, 2025, at 3:00 pm.
• 🏢 Meeting at 55-B, ISE Tower, Jinnah Avenue, Islamabad, and via Zoom.
• 🌐 Zoom Meeting ID: 858 3148 7873, Passcode: 299353.
• 📜 Agenda Item 1: Amendment of Articles of Association to comply with employee stock option regulations.
• ✅ Seeks approval to align with Section 83A of the Companies Act, 2017, and Regulation 7 of the Companies (Further Issue of Shares) Regulations, 2020.
• 💼 Agenda Item 2: Approval to create, offer, allot, and issue shares under an employees’ stock option scheme.
• 💰 Board proposes reserving up to 3% of issued and paid-up share capital for employee stock options.
• 🎯 Scheme aims to attract, retain, motivate, and reward employees.
• 🤝 Aligns employee interests with the Company and shareholders.
• 🚫 No option holder can sell or transfer shares for 1 year from the exercise date.
• 🗳️ Members can vote via e-voting or postal ballot.
• ✉️ E-voting details will be emailed to members with valid CNIC, cell numbers, and email addresses by October 28, 2025.
• ✉️ Postal ballots must reach the Chairman by November 3, 2025, at 5:00 p.m.
• 🛑 Share transfer books will be closed from October 29, 2025, to November 4, 2025.
• proxy must be a member of the Company.

🎯 Investment Thesis

HOLD. The EOGM announcement is primarily about corporate governance and employee incentives, which can have a positive long-term impact on the company. However, the potential dilution of existing shareholders’ equity needs to be monitored. A HOLD recommendation is appropriate until the impact of the employee stock option scheme on financial performance and shareholder value becomes clearer. A price target cannot be determined until further financial information is released. The time horizon is MEDIUM_TERM, focusing on the long-term effects of the scheme.