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Karachi: Disclosure of Substantial Shareholder Transaction in Noon Sugar Mills
Noon Sugar Mills Limited has announced a significant transaction involving a substantial shareholder, as stipulated under clause 5.6.4 of the Pakistan Stock Exchange (PSX) regulations. The disclosure highlights a private off-market transaction executed by Malik Adnan Hayat Noon, a notable shareholder of the company.
According to information available from the Pakistan Stock Exchange (PSX), on August 16, 2024, Malik Adnan Hayat Noon engaged in the sale of 290,242 ordinary shares of Noon Sugar Mills Limited. The shares were transacted at a price of PKR 70 per share, totaling PKR 20,316,940. This transaction was conducted in physical form, reflecting a strategic move by the shareholder.
This disclosure is mandated under the PSX regulations to ensure transparency in the dealings of substantial shareholders, providing investors and the market with timely information on significant financial activities.
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