Blue-Ex Limited Director Buys Shares, Complies with PSX Disclosure Regulations

Karachi: Blue-Ex Limited has announced a significant share acquisition by one of its directors, adhering to the Pakistan Stock Exchange (PSX) disclosure requirements. The transaction took place on August 1, 2024, emphasizing the company’s commitment to transparency and regulatory compliance.

According to information available from the Pakistan Stock Exchange (PSX), Safina Danish Elahi, a director at Blue-Ex Limited, purchased 601 shares of the company on August 1, 2024. The shares were bought at a rate of PKR 61.71 each and are registered in the Central Depository Company (CDC) system under the designated market category ‘REG’. This acquisition is part of the company’s regular disclosure under clause 5.6.4 of the PSX Regulations, which mandates the public declaration of such transactions.

The company confirmed that this transaction would be reviewed at the upcoming board meeting, where any non-compliance issues, if identified, will be addressed as mandated by clause No. 5.6.1(d) of the PSX Regulations. The board will also verify compliance with the regulatory requirements and confirm the details to the Exchange.

Furthermore, Blue-Ex Limited ensured that the holding period for the purchased shares exceeds six months. If it had been less than six months, the company stated that a cheque equivalent to the profit would be deposited with the Securities and Exchange Commission of Pakistan (SECP) in accordance with Section 105 of the Securities Act, 2015, and duly intimated to the PSX.

This proactive approach in adhering to the regulatory frameworks underlines Blue-Ex Limited’s dedication to upholding high standards of corporate governance and transparency in its financial dealings.

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