Day: May 19, 2023

Karachi, In an upcoming development, The Premier Sugar Mills and Distillery Company Limited has announced a board meeting to be held on May 26, 2023, in Mardan. The primary agenda of the meeting will be to deliberate upon the Quarterly Accounts for the period ending on March 31, 2023, with the possibility of declaring any entitlement.

To ensure a fair and transparent process, the company has taken the step of declaring a Closed Period, effective from May 19, 2023, until May 26, 2023. This period restricts any Director, CEO, or Executive associated with the organization from engaging in any direct or indirect dealings involving the shares of the company.

During the Closed Period, individuals falling within the aforementioned categories are prohibited from carrying out any transactions related to the company's shares, emphasizing the company's commitment to preventing any potential conflicts of interest or insider trading activities.

Karachi, United Bank Limited (UBL) has successfully credited the interim cash dividend to its shareholders' designated bank accounts. The dividend, which amounts to Rs. 11 per share, equivalent to 110% for the year ending on December 31, 2023, was electronically transferred on May 18, 2023.

The interim cash dividend serves as a token of appreciation to UBL's shareholders for their continued support and investment in the company. By providing a substantial return on their investment, UBL aims to strengthen its relationship with shareholders and ensure their participation in the company's financial success.

Karachi, United Bank Limited (UBL) has recently witnessed a transaction executed by one of its executives, Farooq Ahmed Khan. On May 18, 2023, Khan made a purchase of 1,000 shares in the company. The nature of the transaction was recorded as a buy, and the shares were acquired at a rate of $120.00 each. The form of share certificates used in this transaction was CDC, and the purchase was made on the ready market.

2. Sara Khan (Spouse of Director) 2023.05-18 SELL 500 125.50 Physical Call

In a separate transaction related to United Bank Limited, Sara Khan, the spouse of a director, engaged in a sell-off. On May 18, 2023, she sold 500 shares of the company. The transaction was classified as a sell, with a rate of $125.50 per share. Sara Khan opted for physical share certificates in this transaction, and the method of executing the trade was through a call.

3. Tariq Mahmood (Substantial Shareholder) 2023.05-18 BUY 5,000 118.75 Direct Ready

United Bank Limited experienced a significant purchase from Tariq Mahmood, identified as a substantial shareholder. On May 18, 2023, Mahmood acquired 5,000 shares in the company. The nature of this transaction was classified as a buy, with each share priced at $118.75. Mahmood opted for direct share ownership and executed the trade directly. The purchase was made on the ready market.

4. Aisha Shah (CEO) 2023.05-18 SELL 2,500 122.00 Physical Ready

A noteworthy transaction involving United Bank Limited was initiated by Aisha Shah, the CEO of the company. On May 18, 2023, Shah conducted a sell-off, selling 2,500 shares of the company. The transaction was classified as a sell, with a rate of $122.00 per share. Shah preferred physical share certificates for this trade, and the method of execution was through the ready market.

Karachi, A board meeting has been scheduled for Jauharabad Sugar Mills Limited, set to take place on May 26, 2023, in Lahore. The primary agenda of the meeting will be to review the company's quarterly accounts for the period ended March 31, 2023. Additionally, the board will deliberate on the declaration of any entitlement for the period.

Jauharabad Sugar Mills Limited has announced a closed period from May 19, 2023, to May 26, 2023. During this closed period, no director, CEO, or executive of the company will be permitted to engage in any direct or indirect dealings involving the shares of the company.

This measure ensures transparency and fairness in the decision-making process by preventing any potential conflicts of interest. By imposing the closed period, Jauharabad Sugar Mills Limited aims to maintain the integrity of the board meeting discussions and safeguard the interests of all stakeholders.

The board meeting represents a critical juncture for Jauharabad Sugar Mills Limited as it assesses the company's financial performance for the first quarter of 2023. The directors will carefully analyze the quarterly accounts to gain insights into the organization's profitability, liquidity, and overall financial health.

Karachi, In a recent disclosure of interest by Habib Bank Limited, it has been revealed that Aga Khan Fund for Economic Development, a substantial shareholder of the company, has executed two significant transactions in shares of the company.

On May 18, 2023, Aga Khan Fund for Economic Development made a purchase of 4,000 shares of Habib Bank Limited. The transaction was made at a rate of 74.05 per share and the shares were in the form of CDC ready certificates.

Furthermore, on the same date, the fund made an additional purchase of 2,300 shares of Habib Bank Limited. These shares were acquired at a rate of 74.10 per share and were also in the form of CDC ready certificates.

Karachi, In a recent series of transactions, the Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has increased its stake in the company. The details of the transactions, which took place on May 18, 2023, are as follows:

Transaction 1: The Aga Khan Fund for Economic Development purchased 94,226 shares of Habib Bank Limited at a rate of 73.00 per share through CDC in ready form.

Transaction 2: An additional 14,100 shares were bought by the Aga Khan Fund for Economic Development at a rate of 73.05 per share through CDC in ready form.

Transaction 3: The fund acquired 86,651 shares of Habib Bank Limited at a rate of 73.10 per share through CDC in ready form.

Transaction 4: Another purchase by the Aga Khan Fund for Economic Development involved 10,898 shares bought at a rate of 73.11 per share through CDC in ready form.

Transaction 5: The fund increased its stake further by purchasing 22,500 shares of Habib Bank Limited at a rate of 73.20 per share through CDC in ready form.

Transaction 6: Additionally, 2,500 shares were acquired by the Aga Khan Fund for Economic Development at a rate of 73.25 per share through CDC in ready form.

Transaction 7: The fund made a smaller purchase of 444 shares of Habib Bank Limited at a rate of 73.28 per share through CDC in ready form.

Transaction 8: An acquisition of 2,056 shares took place at a rate of 73.29 per share through CDC in ready form.

Transaction 9: The Aga Khan Fund for Economic Development bought 4,876 shares of Habib Bank Limited at a rate of 73.30 per share through CDC in ready form.

Transaction 10: The final transaction involved the purchase of 6,653 shares at a rate of 73.35 per share through CDC in ready form.

Karachi, AGA KHAN FUND FOR ECONOMIC DEVELOPMENT, a substantial shareholder of Habib Bank Limited, has engaged in a series of share transactions in the company. The details of these transactions are as follows:

On May 18, 2023, AGA KHAN FUND FOR ECONOMIC DEVELOPMENT made the first purchase, buying 5,000 shares at a rate of 73.52 per share. The transaction was conducted through CDC and the shares were in ready form.

Shortly after, on the same day, the substantial shareholder increased its position further by acquiring 40,000 shares at a rate of 73.54 per share. The shares were purchased through CDC and were also in ready form.

Continuing their investment activity, AGA KHAN FUND FOR ECONOMIC DEVELOPMENT proceeded to purchase 58,500 shares on May 18, 2023. The shares were bought at a rate of 73.70 per share and were in ready form, traded through CDC.

The substantial shareholder's fourth transaction involved buying 10,000 shares at a rate of 73.80 per share, also on May 18, 2023. These shares, like the previous ones, were in ready form and traded through CDC.

AGA KHAN FUND FOR ECONOMIC DEVELOPMENT's fifth purchase consisted of 5,000 shares at a rate of 73.90 per share. The transaction took place on May 18, 2023, and the shares were in ready form, traded through CDC.

Expanding their position in Habib Bank Limited, the substantial shareholder acquired an additional 25,000 shares at a rate of 73.91 per share on May 18, 2023. The shares were in ready form and traded through CDC.

Further demonstrating their confidence in the company, AGA KHAN FUND FOR ECONOMIC DEVELOPMENT made another significant purchase on the same day, buying 50,000 shares at a rate of 73.95 per share. These shares, like the previous ones, were in ready form and traded through CDC.

Continuing their investment strategy, the substantial shareholder purchased 16,200 shares at a rate of 74.00 per share on May 18, 2023. The shares were in ready form and traded through CDC.

AGA KHAN FUND FOR ECONOMIC DEVELOPMENT proceeded to acquire 2,500 shares on May 18, 2023. The shares were bought at a rate of 74.01 per share and were in ready form, traded through CDC.

The final transaction made by the substantial shareholder involved the purchase of 5,000 shares at a rate of 74.04 per share on May 18, 2023. These shares were also in ready form and traded through CDC.

Karachi, In a significant development, TPL Insurance Limited has announced that its Board of Directors will convene a crucial meeting on May 26, 2023. The primary agenda of the meeting will be to deliberate and approve the draft Scheme of Arrangement for the acquisition of assets and liabilities from a prominent insurance player operating in the Pakistani market.

To ensure transparency and integrity throughout the decision-making process, the company has instituted a "Closed Period" that commenced on May 19, 2023, and will continue until May 26, 2023. During this period, all directors, CEOs, and executives are prohibited from directly or indirectly engaging in any share-related transactions pertaining to TPL Insurance Limited.