EFU General Insurance Ltd Director Purchases Shares

Karachi, EFU General Insurance Ltd has announced that Yasmin Hyder, an Independent Director, has executed share purchase transactions. On June 3, 2024, Hyder purchased 300 shares at a rate of 86.50 per share and on June 4, 2024, she bought an additional 4,700 shares at 92.18 per share. According to information available from the Pakistan Stock Exchange (PSX), Both transactions were made in the form of CDC ready share certificates. The company has confirmed that these transactions will be presented at the subsequent board meeting. This will include a discussion of any non-compliances as required under clause No. 5.6.4 of PSX Regulations. Additionally, EFU General Insurance Ltd has assured that in cases where the holding period for these transactions is under six months, a cheque equivalent to the profit will be deposited with the SECP, as mandated under Section 105 of the Securities Act, 2015.