Executive Director Acquires 600,000 Shares in Flying Cement Company Limited

Lahore, In a significant financial transaction reported to the Pakistan Stock Exchange (PSE), Flying Cement Company Limited disclosed that Qasim Khan, an Executive Director at the company, has purchased 600,000 shares. The transaction, dated March 11, 2024, was executed at a rate of PKR 10.00 per share, utilizing the Central Depository Company (CDC) system for the form of share certificates.

The company confirmed that this acquisition would be reviewed in the upcoming board meeting, with a particular focus on ensuring compliance with PSX Regulation clause No. 5.6.1.(d). This clause mandates the disclosure of interest by directors, CEOs, executives, their spouses, and substantial shareholders in the shares of listed companies.

Furthermore, Flying Cement Company Limited has affirmed its adherence to the Securities Act, 2015, stating that the holding period for the shares exceeds six months. In case of any sale within this period, profits generated from such transactions are to be remitted to the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Act, with due notification to the PSE.