Zubyr Soomro, Independent Director at Systems Limited, Acquires 2,441 Shares; Transactions Set for Regulatory Review

Karachi, Zubyr Soomro, an Independent Director at Systems Limited, executed multiple share purchase transactions on May 16, 2024. Soomro acquired a total of 2,441 shares in various transactions at rates between 391.01 to 391.91 PKR per share.

According to information available from the Pakistan Stock Exchange (PSX), all transactions were conducted in the ready market and utilized the CDC (Central Depository Company) form of share certificates. The transactions will be reviewed in the upcoming board meeting, with a focus on any potential non-compliance with PSX regulations.

Systems Limited has confirmed adherence to regulatory requirements, including the stipulation that profits from share sales within a six-month period will be submitted to the Securities and Exchange Commission of Pakistan (SECP), with appropriate notifications to the PSX.