Karachi: Habib Bank Limited (HBL) has disclosed recent transactions involving its shares by a relevant executive, in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4. The announcement, made on January 30, 2025, details the sale of shares by Ms. Fouzia Jabeen Janjua, who holds the position of General Manager (Executive) at the bank.
According to the disclosure, Ms. Janjua executed two separate transactions. The first transaction involved the sale of 2,000 shares at a rate of 175.00 per share, aggregating to 0.35 million. The second transaction saw the sale of an additional 1,000 shares at a rate of 174.00 per share, amounting to 0.17 million. Following these transactions, Ms. Janjua's cumulative shareholding in Habib Bank Limited stands at 3,693 shares, maintaining a cumulative percentage of 0.00% in the company's total shares.
The transactions were conducted in the ready market, using Central Depository Company (CDC) share certificates. The execution date for both transactions was January 30, 2025.
This disclosure is part of HBL’s obligation to provide transparent and timely information to its stakeholders, ensuring adherence to regulatory requirements. According to information available from Pakistan Stock Exchange (PSX), such disclosures are crucial for maintaining investor confidence and ensuring market integrity.
The designated market category for these transactions remains within the standard operations of the Pakistan Stock Exchange. This announcement underlines HBL's commitment to regulatory compliance and its dedication to maintaining transparent corporate governance practices.