Karachi: TPL Properties Limited, a substantial shareholder in TPL REIT Fund I, has engaged in significant share transactions as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions, dated December 22 and December 23, 2025, involve the sale of a substantial number of shares, signaling notable activity in the market.

The first transaction, executed on December 22, 2025, involved the sale of 10 million shares. This transaction was followed by a second sale of 4.35 million shares on December 23, 2025. The cumulative percentage of shares held by TPL Properties Limited after these transactions stands at 35.14%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions, carried out by substantial shareholders, are part of the regulatory requirements mandating disclosure of interests by relevant persons holding company shares. The information was released as part of the ongoing transparency and compliance measures in place to ensure market integrity.

The nature of these transactions will be reviewed by the Board of Directors of TPL Properties Limited, as outlined in the notes accompanying the disclosure. The transactions will be presented by the Company Secretary at the next board meeting, with extracts of the minutes required to be submitted via Form-30. Additionally, the company is obligated to update details in the UIN Management System immediately.

These share sales come with specific regulatory stipulations, including ensuring that the holding period for the transactions exceeds six months. If the holding period is less, the profit equivalent must be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by the Securities Act, 2015. This action must be reported to the PSX.

The market, currently classified under the designated market category, will be closely observing these developments as TPL Properties Limited navigates through these substantial transactions.