AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Khawaja Amer Khurshid, a non-executive director of AN Textile Mills Limited, executed two share purchase transactions on May 31, 2024. In the first transaction, Khurshid bought 90 shares at a rate of 9.00 per share. Following closely, he acquired an additional 10,169 shares at a rate of 9.30 per share. Both transactions were processed in the ready market and were documented in CDC form.
According to information available from the Pakistan Stock Exchange (PSX), These transactions are set to be reviewed in the upcoming board meeting of the company. The review will include any potential non-compliance issues as mandated by clause No. 5.6.1.(d) of PSX Regulations. The company has also confirmed that if the holding period for these transactions is less than six months, a cheque equivalent to the profit will be deposited with the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015, with a notification to the PSX.