Karachi, In a significant financial move, Syed Hassan Ali Abbas has acquired 11.05% voting shares in MetaTech Trading Limited, as per the disclosure made under Section 110(1) of the Securities Act, 2015. The transaction took place on January 18, 2024, and the information regarding this acquisition was communicated to the Pakistan Stock Exchange Limited.

Syed Hassan Ali Abbas, son of Syed Zulfiqar Ali Shah, holding CNIC No. 35200-7894801-1, purchased a total of 821,500 ordinary shares of MetaTech Trading Limited. This acquisition now represents 11.05% of the total issued voting shares of the company, marking his transition from no previous holdings in MetaTech Trading Limited to a significant shareholder. The shares were acquired at an average rate of Rs.7.85 per share.

This acquisition places Syed Hassan Ali Abbas as a key stakeholder in MetaTech Trading Limited, reflecting a strong vote of confidence in the company’s prospects and strategic direction. The disclosure of this transaction is in accordance with the requirements of the Securities Act, 2015, which mandates transparent reporting of substantial share acquisitions.

The information about this significant share acquisition has been duly notified to the Managing Director of Pakistan Stock Exchange Limited, the Chief Executive Officer of MetaTech Trading Limited, and the Securities and Exchange Commission of Pakistan. This move is an important development for MetaTech Trading Limited and its shareholders, as it could potentially influence the company's future direction and decision-making process.

Syed Hassan Ali Abbas, now a major shareholder in MetaTech Trading Limited, resides at House No.27, Block-F, Model Town, Lahore, as per the details provided in the disclosure.