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Karachi, Abbas Sarfaraz Khan, a Non-Executive Director of Arpak International Investments Limited, has executed a transaction buying 11,150 shares of the company on June 25, 2024. Each share was purchased at a rate of PKR 50.00, and the shares are held in physical form.
According to information available from the Pakistan Stock Exchange (PSX), the transaction follows the necessary regulatory compliance as stipulated under clause 5.6.1(d) of PSX Regulations. The company has confirmed that this transaction will be reviewed in the upcoming board meeting to ensure all non-compliances, if any, are addressed and the necessary actions are taken as required.
Further confirmation was provided that the holding period for these shares exceeds six months. If this period were less than six months, any profit realized from the transaction would have to be surrendered to the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015, with appropriate intimation to the PSX.