Blue-Ex Limited Reports Significant Share Purchase by Director

Karachi: A significant transaction involving shares of Blue-Ex Limited was executed on July 23, 2024, as disclosed by a regulatory filing with the Pakistan Stock Exchange. The transaction involved the purchase of shares by a director of the company, highlighting activity within the Growth Enterprise Market (GEM) category.

According to information available from the Pakistan Stock Exchange (PSX), the director involved in the transaction is Safina Danish Elahi. Elahi purchased a total of 5,201 shares at a rate of 45.00 per share, all through the Central Depository Company (CDC), indicating a streamlined and digitally recorded transaction.

The company confirmed that this transaction will be reviewed in the upcoming board meeting, with a focus on addressing any potential non-compliance issues as per PSX Regulations, specifically clause No. 5.6.1(d). Additionally, the company has assured compliance with the Securities Act of 2015, noting that if the holding period for these shares is less than six months, any profit from transactions within this period will be surrendered to the Securities and Exchange Commission of Pakistan (SECP), as mandated.

This regulatory adherence underscores the stringent measures Blue-Ex Limited employs to maintain transparency and integrity in its financial dealings, ensuring that all transactions are conducted within the legal framework established by PSX and SECP regulations.