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KARACHI: Searle Company Limited has disclosed a significant share purchase by an executive, according to a notification sent to the Pakistan Stock Exchange Limited on October 4, 2024. The transaction involved the acquisition of 350 shares at a rate of Rs. 57.19 per share by Moujood Ul Hassan, a noted executive of the company.
According to information available from the Pakistan Stock Exchange (PSX), this share purchase falls under the regulatory framework stipulated by PSX Regulation 5.6.4, which mandates timely disclosure by relevant persons holding company shares. The shares were acquired in a transaction recorded on September 30, 2024, and were registered under a Ready Form of Share Market Certificates through the CDC.
The company’s notice further outlines the compliance measures associated with such transactions, ensuring they meet the detailed reporting requirements set by the Securities and Exchange Commission of Pakistan (SECP) and the stock exchange. This includes a necessary disclosure to the company secretary and adherence to a specified holding period to prevent any potential conflict of interest or insider trading.
The purchase adds a total of 350 shares to Ul Hassan’s portfolio, maintaining his cumulative share count at 31,766, representing a stable stake in the company without altering his cumulative percentage of ownership.