AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: A significant transaction involving a substantial shareholder of MetaTech Trading Limited was executed, according to details released by the company under the UX 5.6.4 of PSX regulation. The transaction took place on July 18, 2024.
Syed Hassan Ali Abbas, identified as a substantial shareholder, sold 750,000 shares of MetaTech Trading at a rate of 9.69 per share. The shares were transacted in the Ready Market and were held in the Central Depository Company (CDC) form.
According to information available from the Pakistan Stock Exchange (PSX), the transaction will be reviewed in the forthcoming board meeting of MetaTech Trading Limited. The meeting aims to address and highlight any non-compliances related to this transaction as stipulated under clause No.5.6.4 of the PSX Regulations. Additionally, the company has committed to confirming the details of this compliance to the Exchange.
MetaTech Trading Limited has also instructed to disseminate the information regarding this transaction to all market participants, ensuring transparency and adherence to regulatory requirements.