Cordoba Logistics & Ventures Executive Director Purchases Shares

Karachi, In a recent transaction reported to the Pakistan Stock Exchange (PSE), Danish Elahi, the Executive Director of Cordoba Logistics & Ventures, has purchased 40,000 shares of the company. This transaction, dated May 2, 2024, involved shares valued at 8.41 per share and was processed through the Central Depository Company (CDC) in the ready market.

The disclosure, mandated under clause 5.6.1.(d) of PSX Regulations, will be reviewed in the upcoming board meeting. The board will address any potential non-compliance issues as part of their deliberations. According to the regulatory filing, the transaction has a holding period of over six months. In the event that the shares are sold within six months, profits from the sale will be deposited with the Securities and Exchange Commission of Pakistan (SECP), as stipulated by Section 105 of the Securities Act, 2015.