Karachi: AGT Holdings (Pvt.) Limited, an associated company of Hoechst Pakistan Limited, has disclosed recent share transactions in accordance with the Pakistan Stock Exchange (PSX) regulations. This declaration pertains to the acquisition of shares by AGT Holdings, further expanding its stake in the listed company.
The transactions, executed on April 7 and 8, 2025, involved the purchase of a total of 50 shares at rates of Rs. 3,000 and Rs. 3,190 respectively. The cumulative shareholding of AGT Holdings in Hoechst Pakistan Limited now totals 200,361 shares, representing 2.08% of the company's market share. "According to information available from the Pakistan Stock Exchange (PSX)," these transactions will be reviewed at the upcoming board meeting as mandated by clause No. 5.6.4 of the PSX Regulations.
This disclosure comes as part of compliance with the regulatory framework, which ensures transparency in dealings by associated companies. AGT Holdings has confirmed that the holding period for these transactions exceeds six months. In scenarios where the holding period is less than six months, any resultant profit would be deposited with the Securities and Exchange Commission of Pakistan (SECP) as per Section 105 of the Securities Act, 2015, with due notification to the PSX.
These regulatory measures are crucial to maintaining market integrity and investor confidence within the designated market category.