Karachi: Blue-Ex Limited has disclosed a stock transaction by Director Safina Danish, detailing the purchase of company shares. This transaction took place on July 26, 2024, under the regulatory framework of PSX regulations.

According to information available from the Pakistan Stock Exchange (PSX), Safina Danish acquired 2,500 shares at a rate of 51.44 PKR per share through the Central Depository Company (CDC) regulated market. The shares acquired by Danish represent a significant compliance aspect, adhering to the guidelines set under clause No. 5.6.4 of PSX Regulations concerning the disclosure of interest by directors, CEOs, or executives of listed companies.

The company confirmed that this transaction will be reviewed in the upcoming board meeting. The focus will be on addressing any potential non-compliance issues as mandated by clause No. 5.6.1(d) of PSX Regulations. The statement from Blue-Ex Limited also highlighted that the holding period for these transactions is over six months. Should the holding period be less than six months, the company has committed to depositing the equivalent cheque of the profit with the Securities and Exchange Commission of Pakistan (SECP), fulfilling requirements under Section 105 of the Securities Act, 2015.

Blue-Ex Limited has ensured full transparency in its communication with the PSX, aligning with legal requirements and maintaining trust among its shareholders and regulatory bodies.