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Karachi, Treet Battery Limited has reported transactions involving the sale of shares by its substantial shareholder, Treet Corporation Limited. The transactions involved the sale of 67,500 shares at a rate of PKR 25.37 on May 20, 2024, and 110,000 shares at PKR 23.52 on May 23, 2024. All shares were sold in the ready market and are held in the Central Depository Company (CDC).
According to information available from the Pakistan Stock Exchange (PSX), these transactions will be reviewed in the upcoming board meeting. The review will include any potential non-compliances with Clause No. 5.6.1.(d) of PSX Regulations. The company has confirmed that all transactions met the holding period requirement of over six months. If any sale had occurred within six months, the profit would be required to be deposited with the Securities and Exchange Commission of Pakistan (SECP), as stipulated by Section 105 of the Securities Act, 2015, with an intimation to PSX.