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Karachi, Panther Tyres Limited announced a recent transaction involving Javed Masud, an independent director of the company, who sold 5,000 shares at a rate of 43.61 PKR per share. The transaction was conducted on May 9, 2024, through the Central Depository Company (CDC) and was completed in the ready market.
The company confirmed that this transaction would be discussed in the upcoming board meeting, where any non-compliances with PSX Regulations will be addressed as stipulated under clause No. 5.6.1.(d). Additionally, Panther Tyres assured compliance with the Securities Act of 2015, noting that if the holding period of the shares was less than six months, the profits would be surrendered to the Securities and Exchange Commission of Pakistan (SECP), in accordance with Section 105.