Karachi: Ms. Farnaz Ahmad, a Non-Executive Director at Image Pakistan Limited, has conducted a significant share transaction, gifting 400,000.00 shares on October 1, 2024. The transfer was carried out through the Central Depository Company (CDC), according to a notification submitted to the Pakistan Stock Exchange (PSX).

The transaction involved no monetary exchange, as it was categorized under the nature of "gift out." Following this transaction, Ms. Ahmad’s cumulative shareholdings in Image Pakistan Limited have reached 1,257,125.00 shares, which equates to a 5.43% ownership stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the disclosure falls under the PSX Regulation 5.6.4, which mandates the reporting of any shareholding changes by key company personnel, including non-executive directors, to ensure transparency and maintain investor confidence.

The transaction's disclosure highlights the ongoing compliance of Image Pakistan Limited with the regulatory frameworks designed to uphold fair trading and transparency in the corporate sector of Pakistan. The reporting of such transactions helps provide clarity on the distribution of share ownership, which is critical for current and potential investors in making informed decisions.