Karachi: In a recent disclosure filed with the Pakistan Stock Exchange, Image Pakistan Limited announced that its Executive Director, Ms. Uzma Ahmad, has purchased 200,000 shares of the company. The transaction took place on October 4, 2024, with the shares acquired at a rate of 13.25 PKR per share, reflecting a strategic investment by one of its top executives.

According to information available from the Pakistan Stock Exchange (PSX), the acquisition was carried out through the Central Depository Company (CDC) and the shares are now marked as 'ready'. This purchase has increased Ms. Ahmad’s cumulative shareholding to approximately 141.20 million shares, which corresponds to a 6.16% ownership stake in the company.

The transaction is part of routine trading activities allowed under PSX Regulation 5.6.4, which governs the disclosures of interest by relevant persons holding company shares. The company’s compliance with this regulation ensures transparency and adherence to corporate governance standards.

Image Pakistan Limited is expected to report this transaction in the upcoming board meeting, and it will be documented through Form-30 of the Correspondence Manual in the PSX’s UIN Management System. This move underscores the ongoing alignment of the company’s leadership with its financial health and market performance.