Karachi: Pakistan Synthetics Limited has disclosed significant share transactions executed by its Executive Director, Noman Yakoob, under Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions were conducted on May 9, 2025, and involved a substantial acquisition of the company's shares.

According to the disclosure, Noman Yakoob, an Executive Director of Pakistan Synthetics Limited, executed two separate transactions. In the first transaction, Yakoob purchased 16,023 shares at a rate of 44.04 per share on the ready market. This purchase increased his cumulative shareholding to 32,848,722 shares, equating to a 23.68% stake in the company.

In a more substantial acquisition, Yakoob executed a second transaction on the Negotiated Deal Market (NDM), purchasing 3,760,025 shares at a rate of 48.00 per share. This transaction raised his total shareholding to 36,608,747 shares, representing a 26.39% cumulative percentage of the company's outstanding shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were carried out by Yakoob in his capacity as an Executive Director of the company. The purchases reflect a significant increase in his shareholding, positioning him as a substantial stakeholder in Pakistan Synthetics Limited.

The transactions have been executed in conformity with PSX regulations governing the disclosure of interest by relevant persons holding the company's shares. The designated market category for these transactions includes both the ready market and the Negotiated Deal Market, indicating strategic acquisitions by the executive within the regulated framework.