First Capital Investments Limited (FCIL) has arranged a Corporate Briefing Programme (CBP) here at the Lahore Stock Exchange (LSE) on its First Capital Mutual Fund (FCMF). The briefing was attended by a large number of participants, including directors/TREC holders of LSE/media and market participants. The briefing was given by Shahzad Jawahar, Chief Executive Officer of FCIL. Shehryar Ali Taseer, representative of the sponsors of FCIL was also present at the event.
It may be noted that FCMF is an equity fund which was converted from a closed end structure into open end structure with effect from July 30, 2013. Director LSE Asif Baig Mirza stated that the start of the CBP is yet another fulfilment of the corporate social responsibility (CSR) agenda of the LSE. He said that CBP has been started to create more awareness about the companies in the general investors and to also enable the companies to fulfil their investor relations obligations.
He urged all listed corporations to make use of the CBP opportunity to create a strong bond with their investors. He said that such regular communication with the investors would help the companies in their capital structure planning as the companies would be able to assess the mood of the investors and plan further capital raising through secondary public offering or the right shares.
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