Lahore: In recent disclosures to the Pakistan Stock Exchange, Treet Corporation Limited revealed that its substantial shareholder has executed two significant transactions of share sales. According to information available from the Pakistan Stock Exchange (PSX), the substantial shareholder sold a total of 170,000 shares in two consecutive days.

On October 3, 2024, 70,000 shares were sold at a rate of Rs 13.84 per share, resulting in a cumulative number of shares totaling 82.45 million, which corresponds to a cumulative percentage of 93.55% of the company's shares held by substantial shareholders. The following day, on October 4, 2024, an additional 92,450 shares were sold at Rs 13.86 each, bringing the cumulative shareholding to 82.53 million, equivalent to 93.54%.

These transactions were conducted through the Central Depository Company (CDC) and were categorized as ready share sales. As per the company's policy, all transactions involving directors, CEOs, executives, their spouses, and minor children that surpass a specified threshold are subject to immediate disclosure following board meetings.

Treet Corporation Limited is committed to transparency and has updated all relevant information in the UIN Management System as mandated by regulations. These disclosures are crucial for maintaining transparency and adhering to the regulatory requirements of the Pakistan Stock Exchange.