Karachi: Cnergyico Pk Limited has disclosed a significant transaction executed by one of its non-executive directors, Mrs. Uzma Abbasi, involving the acquisition of a substantial number of shares. According to the details provided by the company, the transaction was executed on April 22, 2025, through Castockco Pk (Private) Limited.

Mrs. Abbasi purchased 23,255,814 shares of Cnergyico Pk Limited at a rate of 8.60 PKR per share. The total value of this transaction is approximately 199.00 million PKR. The transaction was executed in the Central Depository Company (CDC) form and is classified under the Negotiated Deal Market (NDM) category.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure falls under Clause 5.6.4 of the PSX Rule Book, which mandates the reporting of transactions by directors, CEOs, executives, and their spouses, as well as substantial shareholders. The company has confirmed that this transaction will be reviewed in the subsequent board meeting, including any potential non-compliance issues.

The company further clarified the compliance with Section 105 of the Securities Act, 2015, which requires a holding period of over six months for such transactions. In cases where the holding period is less than six months, a cheque equivalent to the profit must be deposited with the Securities and Exchange Commission of Pakistan (SECP), with an intimation to the PSX.

This transaction marks a significant development for Cnergyico Pk Limited in the designated market category, indicating the continued interest and investment by its directors in the company's shares. The transaction's compliance with regulatory requirements will be scrutinized in the upcoming board meeting.