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Karachi: Two directors of Crescent Textile Mills Limited have recently made significant share purchases, as confirmed in a notification to the Pakistan Stock Exchange (PSX) dated October 4, 2024. Ahmad Shafi and Muhammad Anwar each bought 35,000 shares at a price of 11.55 per share, according to the disclosure required under PSX Regulation 5.6.4.
On October 2, 2024, both directors engaged in transactions involving shares of the company, collectively purchasing a total of 70,000 shares. According to information available from the Pakistan Stock Exchange (PSX), these transactions will be discussed in the upcoming board meeting, with particular attention to ensuring compliance with PSX regulations.
The company also noted that the holding period for these transactions has surpassed the six-month requirement. Should there be any profit derived from these shares within this period, it will be addressed in accordance with Section 105 of the Securities Act, 2015, with profits reported to the Securities and Exchange Commission of Pakistan.
Crescent Textile Mills Limited has reiterated its commitment to full transparency and adherence to regulatory requirements concerning the trading of its shares by insiders.