Treet Battery Limited Announces Recent Share Transactions by Major Shareholder

Karachi: Treet Battery Limited, listed on the Pakistan Stock Exchange, has disclosed transactions involving a major shareholder, as per the regulatory requirements. These transactions occurred on September 4 and September 5, 2024.

According to information available from the Pakistan Stock Exchange (PSX), Treet Corporation Limited, identified as a substantial shareholder, sold 214,801 shares at a rate of 17.42 PKR per share on September 4. The following day, Treet Corporation Limited executed another sale of 40,000 shares at 17.25 PKR per share. Both transactions were conducted through the Central Depository Company (CDC) in the Ready Market category.

The company has confirmed that these transactions will be reviewed in the upcoming board meeting to address and highlight any non-compliances with PSX Regulations, specifically clause No. 5.6.1(d). It is noted that the holding period for these transactions exceeded six months. Should any profits have been realized within a six-month period, Treet Battery Limited is prepared to deposit a cheque equivalent to the profit with the Securities and Exchange Commission of Pakistan (SECP), in compliance with Section 105 of the Securities Act, 2015, with due notification to PSX.

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