AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, EMCO Industries Limited has reported a significant transaction involving its directors. Mr. Javaid Shafiq Siddiqi and Mr. Pervaiz Shafiq Siddiqi, both directors of EMCO, have each purchased 142,639 shares from ICC (Pvt.) Ltd. The transactions occurred on June 6, 2024, with shares being transferred from Folio No./CDC Account No. 3525-77908 at a rate of 39 CDC.
According to information available from the Pakistan Stock Exchange (PSX), The company has confirmed that these transactions will be reviewed in the upcoming board meeting to address any non-compliance issues as per Clause 5.6.4 of the PSX Regulations. Additionally, it was noted that the holding period for these transactions is over six months. In compliance with the Securities Act, 2017, any profits from these transactions within six months are to be surrendered to the SECP via cheques.