Karachi: Safina Danish Elahi, a director of Blue-Ex Limited, a company listed under the Growth Enterprise Market (GEM) category at the Pakistan Stock Exchange (PSX), purchased 5,527 shares on July 29, 2024. The transaction involved shares bought at a rate of 52.1277 per share, facilitated through the Central Depository Company (CDC).
The purchase by Elahi represents significant trading activity involving key insiders of the company. The shares acquired have been reported in compliance with clause 5.6.4 of the PSX Regulations, concerning the disclosure of interest by directors, CEOs, or executives of listed companies and their spouses and substantial shareholders.
According to information available from the Pakistan Stock Exchange (PSX), this transaction will be addressed in the upcoming board meeting of Blue-Ex Limited. The meeting will cover discussions on any non-compliances highlighted during the transaction review as mandated by clause No. 5.6.1(d) of PSX Regulations. The company has confirmed that if the holding period for these shares is less than six months, any profit earned will be calculated, and a cheque equivalent to the profit will be deposited with the Securities and Exchange Commission of Pakistan (SECP). This is in accordance with Section 105 of the Securities Act, 2015, and will be duly intimated to PSX.
This disclosure aligns with Blue-Ex Limited's commitment to transparency in transactions involving its insiders and is part of the company's ongoing compliance with market regulations.