Unity Foods Executive Director Conducts Share Transactions

Karachi: Unity Foods Limited has officially disclosed recent transactions conducted by Amir Shehzad, an Executive Director of the company, involving the sale of company shares. This disclosure is in compliance with clause 5.6.1.(c) of the Pakistan Stock Exchange (PSX) Regulations regarding transactions by directors, CEOs, executives, their spouses, and substantial shareholders.

According to information available from the Pakistan Stock Exchange (PSX), Shehzad sold 26,000 shares on July 12, 2024, at a rate of PKR 34.04 per share and an additional 11,500 shares on an unspecified date with a clerical error in the reported date, at a rate of PKR 35.12 per share. All transactions were conducted through the Central Depository Company (CDC) in the ready market.

The company confirms that these transactions will be reviewed in the upcoming board meeting, where any potential non-compliances with PSX regulations will be addressed as required under clause No. 5.6.1(d). Unity Foods also assures that the transactions adhered to the holding period stipulations of over six months. In cases where transactions occur within this period, profits are mandated to be returned to the Securities and Exchange Commission of Pakistan (SECP) in the form of a cheque, as stipulated under Section 105 of the Securities Act, 2015, with due notification to the PSX.

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