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Karachi: The Searle Company Limited has announced a significant transaction by an executive, reported in compliance with PSX regulations.
According to information available from the Pakistan Stock Exchange (PSX), Moujood Ul Hassan, an executive at The Searle Company, acquired 360 shares of the company on September 2, 2024. The shares were purchased at a rate of PKR 57.43 per share through the Central Depository Company (CDC) on the ready market. This transaction will be reviewed in the upcoming board meeting to address any potential non-compliance with PSX regulations, as required under clause No. 5.6.1(d).
The company has also confirmed adherence to the holding period regulations outlined under Section 105 of the Securities Act, 2015. If the shares are sold within six months of purchase, the profit from such transactions must be deposited with the Securities and Exchange Commission of Pakistan (SECP), with notifications sent accordingly to PSX.
This disclosure comes as part of The Searle Company’s commitment to transparency and regulatory compliance concerning transactions made by its executives and substantial shareholders.
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