National Refinery Limited Executives Report Transactions on Shares

Karachi, A disclosure was issued regarding transactions by executives of National Refinery Limited. Muhammad Irian and Mehmood Azam, both executives at the company, conducted share transactions on June 4, 2024. Irian acquired one share, and Azam disposed of one share, both at a rate of 0.00 with physical share certificates.

According to information available from the Pakistan Stock Exchange (PSX), The disclosure mentioned that these transactions will be addressed in the upcoming board meeting, focusing on compliance with PSX Regulations clause No. 5.6.1.(d). Furthermore, the company confirmed that the holding period for these transactions exceeds six months. In instances where the holding period is less than six months, any profit generated will be deposited with the Securities and Exchange Commission of Pakistan as mandated by Section 105 of the Securities Act, 2015, with a notification to PSX.