Karachi: Pakistan Aluminium Beverage Cans Limited has announced changes in the voting power of its directors, highlighting significant adjustments in both direct and indirect shareholdings.
According to information available from the Pakistan Stock Exchange (PSX), Mr. Zain Ashraf Mukaty, CEO and Director of Pakistan Aluminium Beverage Cans Limited, now holds a total voting power of 21.2607%, comprising 75,813,113 direct shares (20.9946%) and 961,173 indirect shares (0.2662%). The indirect shares are derived through corporate shareholding proportional to his investments in related corporate entities.
In contrast, Mr. Azam Sakrani, another director of the company, maintains a minimal voting influence, with a total of 30,614 shares, representing only 0.0085% of the total voting power. This includes 30,613 direct shares and a symbolic single share indirectly held.
These changes in voting power are part of the ongoing updates required by corporate governance regulations, ensuring transparency in the management and control of publicly listed companies. The disclosures serve to inform shareholders and the general public of significant shifts in control and influence within the company.