TPL Properties Limited Engages in Share Transactions by Substantial Shareholder

Karachi: TPL Properties Limited announced a series of share transactions executed by its substantial shareholder, TPL Corp Limited, on July 24, 2025. According to the disclosure of interest, the company witnessed multiple buy and sell activities involving large quantities of shares.

The transactions include the sale of 1,500 shares at a rate of Rs. 9.75, 50,000 shares at Rs. 9.78, 2,004,000 shares at Rs. 9.79, 994,500 shares at Rs. 9.80, and 2,560,000 shares again at Rs. 9.79. On the purchasing side, the company acquired 2,050,000 shares at Rs. 10.01, 1,000,000 shares at Rs. 10.02, and matched the sale of 2,560,000 shares with a purchase at Rs. 10.01.

These transactions are part of a strategic move to raise financing, with the same shares being repurchased in the future market. The substantial shareholder, TPL Corp Limited, maintains a cumulative shareholding of 205.33 million shares, representing a 36.59% stake in TPL Properties Limited.

According to information available from the Pakistan Stock Exchange (PSX), this activity requires disclosure under clause No. 5.6.4 of the PSX Regulations. The transactions will be reviewed in an upcoming Board meeting, where any potential non-compliance will be highlighted for consideration.

The designated market category for these transactions is the Future market. The movement in share prices has been classified as a Big move, reflecting the scale of change in the company's stock activities.