Substantial Shareholder Transactions at Waves Home Appliances Limited

Karachi, According to information available from the Pakistan Stock Exchange (PSX), Waves Corporation Limited, a substantial shareholder in Waves Home Appliances Limited (formerly Samin Textiles Limited), executed significant stock transactions on May 17, 2024. The company reported buying and selling a total of 7,000,000 shares at a rate of 5.30 each, both transactions recorded under the nature of “Other-in” and “Other-out” respectively. All transactions were conducted through the CDC in the futures market. The disclosure also noted that these transactions will be discussed in the upcoming board meeting, with a focus on any non-compliance issues as outlined in PSX Regulation clause No. 5.6.1.(d). It is also confirmed that if the holding period for these transactions is less than six months, any profit generated will be surrendered to the Securities and Exchange Commission of Pakistan (SECP), in accordance with Section 105 of the Securities Act, 2015. This will be done under the notification of PSX.