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Karachi, A significant transaction was executed by Nadeem Nisar, a substantial shareholder of Engro Polymer & Chemicals Limited, according to information available from the Pakistan Stock Exchange (PSX). The transaction involved the purchase of 400,000 shares at a rate of 43.69 per share on May 24, 2024. The shares were bought in a ready market through CDC share certificates.
The transaction will be presented at the subsequent board meeting, where any non-compliance with PSX Regulation clause No. 5.6.1.(d) will be discussed. The company also confirmed that if the holding period of the shares is less than six months, the profit from the sale of these shares will be submitted to the Securities and Exchange Commission of Pakistan (SECP) with a notification to PSX.