Pakistan Aluminum Beverage Cans Limited CEO Buys Company Shares

Karachi, Azam Sakrani, CEO and Director of Pakistan Aluminum Beverage Cans Limited, has executed a transaction to purchase 5,000 shares of the company. The shares were acquired on June 4, 2024, at a rate of 73.9427 per share through the Central Depository Company (CDC) in the ready market.

According to information available from the Pakistan Stock Exchange (PSX), This transaction will be presented at the subsequent board meeting of the company. It will be reviewed for any non-compliance issues as per the PSX Regulations, particularly clause No. 5.6.1.(d). The company confirms that the holding period for these shares is over six months. If it were within six months, any profit from these transactions would be subject to a cheque deposited with the Securities and Exchange Commission of Pakistan (SECP), as required by Section 105 of the Securities Act, 2015, with a formal intimation to PSX.