LSE Ventures Reports Compliance with PSX Regulation on Insider Trading

Karachi: LSE Ventures, in a recent disclosure to the Pakistan Stock Exchange, has reported a transaction by one of its executives, demonstrating its compliance with strict market regulations regarding insider trading. The transaction, involving the purchase of 1,000 shares at a rate of 7.51 per share by executive Muhammad Usman, occurred on October 14, 2024.

According to information available from the Pakistan Stock Exchange (PSX), this disclosure is part of the stringent requirements set by the PSX to ensure transparency and prevent conflicts of interest within publicly traded companies. The company has communicated that this transaction will be further reviewed in the upcoming board meeting, ensuring it meets all regulatory standards under clause No.5.6.4 of PSX Regulations.

The shares were acquired in the ‘Ready’ market and are registered in the Central Depository Company (CDC), reflecting a streamlined process in the trading and reporting of securities. LSE Ventures has assured that all procedural requirements have been met and that any non-compliance issues, if identified, will be addressed promptly and reported to the exchange.

This proactive approach by LSE Ventures to disclose transactions and maintain regulatory compliance underscores the company’s commitment to upholding good governance practices. It also reassures investors about the integrity of its operations and management.

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