Disclosure of Share Acquisition: Regulatory Compliance Under PSX Regulations

Karachi, (PPI Bot): In accordance with section 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations, a recent disclosure has been made regarding the acquisition of shares by a director, CEO, or executive of an undisclosed listed company, as well as their spouses and substantial shareholders.

The disclosure, dated November 21, 2023, reports the acquisition of shares but does not specify the name of the company involved. The details of the transaction include the acquisition of an undisclosed number of shares, with the rate per share also left unspecified. The shares were acquired through the CDC Ready market.

The purpose of such disclosures is to ensure transparency and regulatory compliance when individuals holding key positions within listed companies, or their significant stakeholders, engage in share transactions. The identity of the company and the extent of the acquisition remain undisclosed in the provided information, leaving investors and market participants with limited details regarding this transaction.