Bawan Yair Products Limited Reports Insider Transactions in Compliance with PSX Regulations

Karachi: Bawan Yair Products Limited, a company listed on the Pakistan Stock Exchange (PSX), has disclosed several transactions involving shares of the company by its directors, CEO, executives, their spouses, and substantial shareholders. These transactions were conducted in accordance with clause 5.6.1.(d) of PSX Regulations, aimed at ensuring transparency and compliance within the market.

The disclosed transactions include three significant activities by Weavers Pakistan (Private) Limited. The first transaction involved the purchase of 100,000 shares at a rate of PKR 39.3540 per share on June 25, 2024. A second purchase of 45,000 shares at PKR 39.8735 per share was made on July 9, 2024. The third transaction was a sale of 80,000 shares at a rate of PKR 32.9500 per share, conducted on August 1, 2024. All transactions were completed in a ready form of share certificates through the Central Depository Company (CDC).

According to information available from the Pakistan Stock Exchange (PSX), these transactions are set to be reviewed in the upcoming board meeting. The review will include an assessment of any non-compliance issues as required by the PSX regulations. The company has confirmed that all transactions either exceeded a holding period of six months, or in cases where this period was not met, a cheque equivalent to the profit has been deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015.

This proactive disclosure aligns with regulatory requirements and demonstrates Bawan Yair Products Limited’s commitment to maintaining stringent corporate governance standards.

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