Karachi: Jahangir Siddiqui & Co. Ltd. has announced the complete divestment of Class 'A' Preference Shares by its Executive Officer, Mr. Suleman Lalani. As of January 17, 2025, Mr. Lalani's total shareholding in the company's Class 'A' Preference Shares stands at zero percent. This transaction was disclosed in compliance with the Pakistan Stock Exchange (PSX) Rule Book and the Securities Act, 2015.

The transaction involved the sale of 71,863 Class 'A' Preference Shares at a price of Rs 10.46 per share. This sale was conducted through the ready market in electronic form within the Central Depository Company (CDC). The nature of the transaction was a straightforward sale, and the trade date for this transaction was recorded as January 17, 2025.

According to information available from the Pakistan Stock Exchange (PSX), this sale is part of a disclosure requirement under clause 5.6.4, ensuring transparency and adherence to regulatory frameworks. The cumulative shareholding percentage of Mr. Lalani in the Class 'A' Preference Shares of the company is now confirmed to be 0%.

Jahangir Siddiqui & Co. Ltd. is a prominent player in the financial sector, operating within the designated market category of the Pakistan Stock Exchange. The company is registered at the 20th Floor, The Centre, Plot No. 28, SB-5, Abdullah Haroon Road, Saddar, Karachi. Muhammad Babar Din serves as the Company Secretary and can be contacted for further information at (92-21) 111 574 111.

This disclosure highlights the company's commitment to maintaining transparency in accordance with the regulatory requirements, ensuring that stakeholders are informed of significant changes in shareholding status within the company.