Karachi: Treet Corporation Limited, a significant shareholder in Treet Battery Limited, has executed substantial share transactions, according to the company's recent disclosure. The transactions, which occurred on July 22 and July 23, 2024, involved the sale of 105,530 and 331,000 shares, respectively, at a rate of PKR 21.91 per share.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are conducted in the normal course of business and are compliant with market regulations. The shares were sold in the ready form of Central Depository Company (CDC) certificates.

The company has confirmed that these transactions will be reviewed in the upcoming board meeting, with a focus on addressing any potential non-compliance issues as per clause No. 5.6.1(d) of PSX Regulations. Furthermore, Treet Battery Limited has ensured compliance with the Securities Act, 2015, stating that if the holding period of the shares was less than six months, the profits from these transactions would be submitted to the Securities and Exchange Commission of Pakistan (SECP), as mandated.

This disclosure aligns with Treet Battery Limited's commitment to transparency in its financial dealings and its adherence to the regulatory framework set forth by the PSX and SECP.