Lahore: Interloop Limited has officially disclosed a significant transaction involving its executive as per the regulatory requirements set by the Pakistan Stock Exchange (PSX). The disclosure, which falls under PSX Regulation 5.6.4, outlines the details of share movements executed by key personnel within the company.

On January 13, 2025, Tariq Rashid Malik, an executive at Interloop Limited, executed a transaction involving the gifting of shares. The transaction saw Malik gifting out 150,000 shares, which were held in the Central Depository Company (CDC) form. This movement did not involve any financial exchange as the rate for the transaction was recorded at 0.00 per share.

Following this transaction, Tariq Rashid Malik's cumulative shareholding stands at 17.93 million shares, representing a cumulative percentage of 1.28% of the company's total shares. This disclosure is crucial for maintaining transparency and aligning with the regulatory framework governing share transactions of significant stakeholders within listed companies.

According to information available from the Pakistan Stock Exchange (PSX), such disclosures are a critical component in ensuring that the market operates on transparent and equitable information, allowing investors to make informed decisions based on the activities of company insiders.

This information is part of the designated market category disclosures, which aim to maintain investor confidence and market integrity by providing timely and accurate information about share transactions conducted by key figures within publicly listed companies.