Karachi: LSE Ventures announced a substantial purchase in its shares by a high-ranking executive, Aftab Ahmad, on 24 September 2024. The transaction involved 134,000 shares acquired at a rate of 7.94 per share through the Central Depository Company (CDC) in the Ready market category, marking a notable engagement by corporate leadership in company equity.

Aftab Ahmad, the buyer, engaged in this transaction under the compliance framework set by the Pakistan Stock Exchange (PSX) Regulation U/C 5.6.4, which mandates disclosure of interest by directors, CEOs, or executives of a listed company, along with their spouses and substantial shareholders. According to information available from the Pakistan Stock Exchange (PSX), this strategic acquisition aligns with the regulatory expectations and enhances transparency in the governance of the corporation.

The total value of the shares purchased amounted to 1.06 million, showcasing a significant investment by the executive in the company. This move not only reflects confidence in the company's future but also aligns with the regulatory practices aimed at ensuring transparency and fair dealing in the securities market.

Further, LSE Ventures confirmed that the details of this transaction would be reviewed in the upcoming board meeting. This session aims to address any non-compliance issues that may arise and affirm the transaction's adherence to the necessary regulatory frameworks. The company has committed to informing the Exchange and ensuring all market participants are aware of these developments as required by PSX regulations.