Lahore: Panther Tyres Ltd. reported that its Executive Director, Mian Faisal Iftikhar, sold 101 shares on July 1, 2024, at a rate of 37.93 per share in a transaction through the Central Depository Company (CDC) in the Ready Market.

The transaction by Mian Faisal Iftikhar, disclosed under section 5.6.1.(d) of the Pakistan Stock Exchange (PSX) Regulations, involved the sale of a modest number of shares, totaling approximately 3,831 rupees. According to information available from the Pakistan Stock Exchange (PSX), Panther Tyres confirmed that the details of this transaction would be addressed in the upcoming board meeting. The company will highlight any non-compliance issues for consideration, as stipulated by the PSX regulations.

Furthermore, the company assured compliance with the Securities Act of 2015, noting that the holding period for these sold shares exceeded six months. If it had been less, the profits would be required to be surrendered to the Securities and Exchange Commission of Pakistan (SECP) through a deposited cheque.

This corporate disclosure adheres strictly to regulatory standards, ensuring transparency in executive transactions and reaffirming Panther Tyres Ltd.’s commitment to corporate governance.