Shareholder of Pakgen Power Limited Gifts 56.6 Million Shares to Family Members

Karachi, In adherence to Regulation No. 5.6.1(d) of the Listing Regulations, Pakgen Power Limited reports that Mr. Jahangir Firoz, a shareholder of the company, has submitted Form-2 under the Securities Act, 2015. In this submission, Mr. Firoz has officially intimated that he has executed a substantial gift of 56,622,000 shares of Pakgen Power Limited to several family members.

The beneficiaries of this significant share transfer include Mr. Firoz’s Father, Mother, Brother, and Spouse. The transaction signifies Mr. Firoz’s intention to redistribute ownership of shares within his immediate family.

This gift transaction exemplifies the company’s dedication to transparency and regulatory compliance, ensuring that all significant share transfers are accurately reported and documented. Shareholders and stakeholders may observe this development as part of Pakgen Power Limited’s ongoing commitment to sound corporate governance and compliance with relevant regulations.

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