Oilboy Energy Limited Executive Sells Shares Amid Regulatory Disclosure

Karachi: Oilboy Energy Limited has announced the completion of a significant share transaction involving one of its executives, Inam Ullah, as per the mandatory disclosure requirements of the Pakistan Stock Exchange (PSX).

The transaction, dated March 4, 2025, saw Inam Ullah sell 4,500 right shares at a rate of 3.02. These shares were sold in the ready market category and were in the form of CDC share certificates. This activity is in accordance with clause 5.6.4 of the PSX regulations, which mandates disclosure of interest by a director, CEO, or executive of a listed company, as well as their spouses and substantial shareholders.

According to information available from the Pakistan Stock Exchange (PSX), the transaction will be reviewed in the upcoming board meeting of Oilboy Energy Limited. The review will include an assessment of any non-compliance issues related to the transaction, ensuring adherence to regulatory standards.

The disclosure highlights the company's commitment to transparency and regulatory compliance, as stipulated by the PSX regulations. All necessary confirmations regarding this transaction will be forwarded to the exchange following the board's evaluation.