Karachi: In a disclosure of interest by a director, CEO, or executive of a listed company and their spouses, as well as the substantial shareholders under clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, TPL Properties Limited has reported a series of notable transactions executed by its substantial shareholder, TPL Corp Limited. The transactions, which took place on May 30, 2025, involve both the selling and purchasing of shares in the company.

According to the details provided, TPL Corp Limited sold 3,050,000 shares at a rate of Rs. 9.25 each. This transaction was followed by a purchase of an identical number of shares at a slightly higher rate of Rs. 9.44. Additionally, the company sold another batch of 2,560,000 shares at Rs. 9.24 and subsequently repurchased the same number of shares at Rs. 9.43. The form of share certificates was recorded as CDS, and the market designation was Future.

The disclosure clarifies that these transactions were executed to raise financing and that the same shares have already been purchased in the future market. The cumulative shareholding of TPL Corp Limited after these transactions stands at 205.33 million shares, representing a 36.59% stake in TPL Properties Limited.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be presented in the subsequent board meeting. The presentation will include any non-compliance issues, if present, for consideration as required under the specified PSX regulations.