Unusual Movement of Price or Volume of TPL Corporation Limited

Karachi, TPL Corporation Limited informed Pakistan Stock Exchange that substantial increase in the price of TPL Corp’s shares during the relevant period must be attributable to realization of capital gain amounting to Rs. 3,482,783,490/- by TPL Corp’s subsidiary i.e. TPL Properties Limited (“TPL”) from the sale of TPL’s flagship project “Centre point” located off Shaheed-e-Millat Expressway Near KPT Interchange, Karachi.

TPL Corp holds 34.81% shares in TPL on account of which the balance sheet of TPL Corp was strengthened. This factor may have possibly led the potential investors to buy the shares of TPL Corp and thus the market forces may have increased the price of TPL Corp’s shares, on which TPL Corp or its Management has no control.

Disclosures were duly made to PSX by TPL on sale of its flagship project (Centre point) at various stages, as required under the law which are matters of record.

TPL Trakker Limited (the Company) was incorporated in Pakistan on December 04, 2008 as a private limited company. The name of the Company has been changed to TPL Corp Limited. The principal activity of the Company is to make investment in group and other companies.

The total numbers of shares 267,297,763. The Earnings per share is (1.57) in 2020 which was (0.63) in 2019. The Company had a loss of Rs. 420,292,000 in 2020 which was 155,334,000 in 2019.