Karachi: In a recent disclosure made by Habib Bank Limited, the company's General Manager and Executive, Mr. Rauf Ali Jan, executed a series of share transactions, as outlined in the latest regulatory filing under Pakistan Stock Exchange Regulation 5.6.4.
On May 29, 2025, Mr. Jan sold a total of 3,000 shares of Habib Bank Limited in three separate transactions. The first transaction involved the sale of 1,490 shares at a rate of 153.75 per share. In a subsequent transaction, Mr. Jan sold 1,500 shares at a slightly higher rate of 153.80 per share. The final transaction saw the sale of a mere 10 shares at a rate of 153.81 per share.
Notably, these transactions reduced Mr. Jan's cumulative shareholding in the company to zero. The disclosure indicates that Mr. Jan's shareholding percentage in Habib Bank Limited now stands at 0.00 percent. The transactions were executed in the ready market, and the shares were held in Central Depository Company (CDC) form.
According to information available from the Pakistan Stock Exchange (PSX), the sale of shares by Mr. Jan was conducted in compliance with the regulatory requirements for disclosure of interest by relevant persons holding company shares. The designated market category for these transactions was the ready market.
This disclosure aligns with the regulatory framework that mandates transparency in shareholding transactions by directors, executives, and substantial shareholders of listed companies, ensuring that investors are well-informed about significant changes in share ownership.