AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Blue-Ex Limited has announced a significant transaction by a key director, Safina Danish, involving the acquisition of 12,380 shares in the company, as per the guidelines of the Pakistan Stock Exchange (PSX). This transaction took place on July 25, 2024, with the shares purchased at a rate of 53.9158 per share through CDC form.
According to information available from the Pakistan Stock Exchange (PSX), this transaction will be discussed at the upcoming board meeting of Blue-Ex Limited. The focus will be on any non-compliance issues related to the transaction, fulfilling the requirements outlined in clause No. 5.6.1(d) of PSX Regulations. Blue-Ex Limited has confirmed adherence to all regulatory requirements, including the holding period stipulations set by the Securities Act of 2015. If the holding period is less than six months, the company has committed to depositing a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), as required.
This disclosure is part of the continuous compliance and transparency efforts mandated under the PSX regulations section 5.6.4, which involve significant shareholders and executives of listed companies.