AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Soneri Bank Limited has reported a significant transaction by its President and Chief Executive Officer, Mr. Muhammad Ahmed Ashai. The transaction involved the purchase of 365,000 shares at a rate of 11.75 Rupees per share. The shares were acquired from the Central Depository Company (CDC) market in a ‘Ready’ transaction.
According to information available from the Pakistan Stock Exchange (PSX), the bank has confirmed that this transaction will be discussed in the upcoming Board meeting to address and highlight any non-compliance issues as mandated by clause No.5.6.4 of PSX Regulation. Furthermore, it was confirmed that if the holding period for the transaction is under six months, profits from this transaction would be returned to the Securities and Exchange Commission of Pakistan (SECP), complying with Section 105 of the Securities Act, 2015, and duly notified to PSX.