Karachi: Treet Corporation Limited, a publicly traded entity, recently disclosed significant transactions involving the sale of its shares by substantial shareholders. The information, reported to the Pakistan Stock Exchange (PSX), outlines two distinct transactions.

According to details provided to the PSX, the first transaction occurred on August 9, 2024, involving the sale of 852,000 shares at a rate of PKR 18.94 per share. The second transaction followed on August 12, 2024, with 103,000 shares sold at PKR 18.75 each. Both sales were conducted through the Central Depository Company (CDC) in the Ready Market.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are expected to be discussed in the forthcoming board meeting of Treet Corporation Limited. The agenda will include a review of these transactions and any potential non-compliance issues as stipulated under clause No. 5.6.1(d) of PSX Regulations.

The company also confirmed that the transactions adhered to regulatory requirements, noting that the holding period for the shares exceeded six months. In instances where sales occur within six months, the company is mandated to deposit the equivalent profits with the Securities and Exchange Commission of Pakistan (SECP), a regulation outlined under Section 105 of the Securities Act, 2015.