EFG Hermes Pakistan Limited Reports Change in Beneficial Ownership by Substantial Shareholder Imran

Karachi: EFG Hermes Pakistan Limited has notified a change in beneficial ownership involving Imran, a substantial shareholder, as detailed in a company disclosure dated October 15, 2024. According to information available from the Pakistan Stock Exchange (PSX), Imran sold 500 shares at a price of Rs. 38.00 each, resulting in a modest gain from transactions executed over a brief period.

The notification, issued in compliance with Section 101(2) of the Securities Act, 2015, confirms that this sale alters Imran’s holdings to a total of 3,365,393 shares in the company. This sale was part of transactions between October 10 and October 15, 2024, where Imran realized a financial gain of Rs. 6,187.

This transaction is notable in the context of the recent trading patterns and oversight regulations that monitor changes in share ownership by key company figures to ensure transparency and compliance with the Securities Act. The ongoing monitoring by regulatory bodies like the Securities and Exchange Commission of Pakistan (SECP) ensures that all such transactions are reported and documented to maintain fairness and transparency in the financial markets.

The post EFG Hermes Pakistan Limited Reports Change in Beneficial Ownership by Substantial Shareholder Imran appeared first on .