Interloop Limited Executive Sells Shares

Karachi, An executive of Interloop Limited, Tariq Rashid Malik, has sold a total of 40,000 shares on two separate occasions, according to information available from the Pakistan Stock Exchange (PSX). The first transaction involved the sale of 28,389 shares at a rate of 84.00 per share on May 22, 2024, and the second transaction comprised 11,611 shares sold at 83.00 per share on May 23, 2024. Both sales were conducted in the ready market through CDC.

The company has confirmed that these transactions will be presented at the upcoming board meeting. This will include a review of any non-compliances with PSX Regulations, particularly clause No. 5.6.1.(d). Furthermore, the company has assured that if the holding period for these transactions was under six months, a cheque equivalent to the profit would be deposited with the Securities and Exchange Commission of Pakistan (SECP) as mandated by Section 105 of the Securities Act, 2015.