AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, In compliance with the Pakistan Stock Exchange (PSX) regulations, Shell Pakistan Limited has disclosed a transaction by Danish Mukarram, an executive of the company. The transaction involved the purchase of 100 shares at a rate of PKR 151.00 per share on March 29, 2024. The shares were bought in the ready market and are physical share certificates.
The company has confirmed that this transaction will be reviewed in the upcoming board meeting to ensure adherence to PSX Regulation 5.6.1.(d). Additionally, it is noted that the holding period for these transactions is over six months. Should it have been under six months, the profit from such transactions would be required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), as per Section 105 of the Securities Act, 2015, with an intimation to the PSX.