AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: A notable transaction involving shares of S.G. Power Limited was executed by Mr. Sohail Ahmed, the company’s Chief Executive and Director, on September 12, 2024. The transaction details were disclosed as a compliance measure with the Pakistan Stock Exchange (PSX) regulations.
According to information available from the Pakistan Stock Exchange (PSX), Mr. Ahmed sold 4,500 shares of S.G. Power Limited. The shares were sold in various amounts through the Central Depository Company (CDC). Each share was traded at differing rates, reflecting the dynamic pricing in the market on that particular day.
The transaction will be presented for review and consideration at the upcoming Board meeting of S.G. Power Limited, in line with clause 5.6.1 of PSX Regulations, which mandates such disclosures for transactions involving directors.
The designated market category for this news is the energy sector, with specific attention to corporate governance and regulatory compliance regarding director-level transactions.
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