AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: S.G. Power Limited has disclosed a series of share sales by Sohail Ahmed, Chief Executive/Director of the company, according to a notification sent to the Pakistan Stock Exchange Limited. These transactions, which took place on October 3, 8, and 10, 2024, involved a total of 4,500 shares being sold under different rates but held in the Central Depository Company (CDC) form.
The first transaction on October 3, 2024, involved the sale of 1,500 shares, followed by 1,000 shares on October 8, and 2,000 shares on October 10. Each of these sales was recorded under varying rates, highlighting active trading by the director within the specified days.
According to information available from the Pakistan Stock Exchange (PSX), these transactions are set to be reviewed in the upcoming board meeting of S.G. Power Limited, as required under PSX Regulations clause 5.6.1. This review aims to ensure compliance and transparency in the dealings of company insiders.
This disclosure is part of the company’s commitment to maintaining stringent governance standards and providing timely information to its shareholders and the regulatory bodies overseeing market activities.