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Karachi, AGP Limited has announced that a director, the CEO, and his spouse have recently executed transactions involving the company’s shares. These transactions, detailed in a disclosure to the Pakistan Stock Exchange, involve the purchase of shares on June 25, 2024, by key company figures.
According to information available from the Pakistan Stock Exchange (PSX), Muhammad Kamran Nasir, the CEO of AGP Limited, purchased 1,000 shares at a rate of PKR 88.63 per share through the Central Depository Company (CDC) on a ready basis. Shauzab Ali, a director at AGP, bought 5 shares at PKR 89.00 each through CDC on a non-delivery mandatory (NDM) basis. Furthermore, Ammara Tasnim, spouse of the CEO, acquired a total of 1,000 shares in two separate transactions; 999 shares at PKR 88.50 each and 1 share at PKR 89.00, both through CDC with the former on a ready basis and the latter on an NDM basis.
The company has confirmed that these transactions will be reviewed in the upcoming board meeting, with any non-compliances highlighted for consideration as stipulated under clause No. 5.6.4 of PSX Regulations. Additionally, it was confirmed that if the holding period for these transactions is under six months, any profits gained will be remitted to the Securities and Exchange Commission of Pakistan (SECP) through a cheque, as mandated by Section 105 of the Securities Act, 2015, with a notification to PSX.
AGP Limited’s adherence to regulatory requirements and transparent reporting practices reflect its commitment to corporate governance and compliance standards.