Karachi: Ecopack Limited disclosed a major share acquisition involving one of its key executives, according to a statement released on February 26, 2025. The transaction was executed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates disclosure of interest by relevant individuals holding company shares.

In a regulatory filing, Ecopack Limited reported that Hussain Jamil, the Executive Director of the company, acquired 2.80 million shares on February 25, 2025. The shares were purchased at a rate of 23.50 per share in the ready market, a transaction that increased Jamil's cumulative shareholding to 8.72 million shares. This acquisition accounts for a cumulative percentage of 18.07% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), such transactions by directors, CEOs, executives, or substantial shareholders, as well as their spouses and minors, require disclosure in compliance with PSX regulations. This ensures transparency and informs stakeholders about shareholding changes by individuals with significant control or influence.

Ecopack Limited operates in the designated market category of manufacturing and packaging, primarily focusing on the production of plastic bottles and containers. This recent acquisition by a senior executive underscores the strategic interest and confidence in the company’s future prospects.