Karachi: An executive of The Searle Company Limited has executed a transaction involving the purchase of company shares, in accordance with Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction was disclosed in a filing to the exchange, fulfilling the mandatory requirement for transparency in share dealings by key company personnel.
On December 3, 2024, Moujood UL Hassan, an executive at The Searle Company Limited, acquired 500 shares of the company. The transaction was carried out on the ready market at a rate of 95.32 per share. Following this purchase, Moujood UL Hassan's cumulative shareholding in the company stands at 30,616 shares, representing a cumulative percentage of 0.00%.
According to information available from the Pakistan Stock Exchange (PSX), the disclosure of interest by relevant persons, such as directors, CEOs, executives, substantial shareholders, and their immediate family members, is mandated under PSX Regulation 5.6.4 to ensure transparency and maintain investor confidence in the market.
The notification serves to inform the public and stakeholders about the latest shareholding position of Moujood UL Hassan, aligning with regulatory compliance and corporate governance standards.