Karachi: Pace (Pakistan) Limited announced the execution of notable share transactions by a substantial shareholder, Nadeem Nisar, according to a disclosure dated November 4, 2025. The transactions, conducted under the purview of the Pakistan Stock Exchange’s Regulation 5.6.4, were detailed in an official company statement.
On October 31, 2025, Nadeem Nisar, identified as a substantial shareholder, engaged in two significant transactions involving the company’s shares. Nisar purchased 3,211,000 shares in the futures market. Subsequently, he sold 675,500 shares on the same day, maintaining a cumulative percentage of 10.77% in the company. The transactions were executed at rates of 26.7530054473 and 25.0830054473 respectively.
According to information available from the Pakistan Stock Exchange (PSX), these transactions by a substantial shareholder are subject to scrutiny and will be presented by the Company Secretary at the next Board of Directors meeting. The transactions will be recorded in the meeting minutes and submitted via Form-30 through the PUCARS system.
As per regulatory requirements, the holding period for these transactions must exceed six months. If the holding period is less than six months, any profits realized are to be deposited with the Securities and Exchange Commission of Pakistan (SECP) in compliance with Section 105 of the Securities Act, 2015. This ensures transparency and adherence to the regulations governing share dealings by company insiders.
The company has also reiterated its commitment to updating the necessary details in the UIN Management System promptly.