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Karachi: Blue-Ex Limited announced a significant transaction by one of its directors, which aligns with the PSX regulatory requirements. The transaction, involving the purchase of shares, was executed by Safina Danish, a director at Blue-Ex Limited, on July 30, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the director bought 2,000 shares at a rate of PKR 51.75 each. The shares were acquired in the form of CDC certificates, indicating a transaction in the Fully Integrated Electronic GEM (FiEG) market category. This specific transaction is poised to be reviewed in the upcoming board meeting where compliance issues, if any, will be discussed as stipulated under clause No. 5.6.1(d) of PSX Regulations.
The company confirmed that the holding period for these transactions exceeds six months. However, should any sale occur within six months, it is mandated that the profit equivalent be deposited with the Securities and Exchange Commission of Pakistan (SECP) under Section 105 of the Securities Act, 2015, with due intimation to PSX. This adherence to strict regulatory guidelines highlights the company’s commitment to transparency and regulatory compliance.