AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Stylers International Limited has announced the appointment of Ms. Samar Masood Soofi as its new Independent Director effective July 11, 2024, replacing Ms. Saima Bashir who resigned on the same date. This key corporate update follows recent share transactions by the newly appointed director.
According to information available from the Pakistan Stock Exchange (PSX), Ms. Samar Masood Soofi purchased 400 shares of Stylers International on her appointment date at a price of PKR 47 per share. These shares were acquired in physical form.
The transactions will be reviewed at the upcoming board meeting of Stylers International. The board will address any potential non-compliance issues as stipulated under clause No. 5.6.4 of PSX Regulations and report their findings to the Exchange.
The regulatory framework requires that such transactions by directors, executives, and substantial shareholders are disclosed and closely monitored to ensure transparency and compliance with market rules.