Systems Limited Shares Purchased by Independent Director Zubyr Soomro

Karachi, Zubyr Soomro, an independent director at Systems Limited, executed multiple transactions to buy shares in the company on May 15, 2024. Soomro purchased a total of 3,624 shares in several different transactions, with prices ranging from 090.00 to 391.48 per share.

According to information available from the Pakistan Stock Exchange (PSX), the shares were bought in the “ready” market and were registered through the Central Depository Company (CDC). The transactions included the purchase of shares at several price points: 50 shares at 390.90, 1000 shares at 390.90, 100 at 390.99, 24 at 391.00, 1976 at 391.00, 24 at 091.00, 200 at 090.00, 1 at 390.00, 299 at 390.00, and 50 at 391.48.

These transactions will be presented at the subsequent board meeting, where any non-compliance with PSX Regulations clause No. 5.6.1.(d) will be highlighted and considered. It is also confirmed that if the holding period for these transactions is less than six months, a cheque equivalent to the profit will be deposited with the Securities and Exchange Commission of Pakistan (SECP) as required by Section 105 of the Securities Act, 2015, with a notification to PSX.