Unity Foods Executive Engages in Multiple Share Purchases

Karachi: Unity Foods Limited has disclosed multiple share transactions by Amir Shehzad, an Executive Director of the company. The transactions, detailed below, will be reviewed in the upcoming board meeting to address any non-compliances with PSX regulations.

On July 12, 2024, Shehzad purchased 7,000 shares at a rate of 35.17 PKR each, followed by another purchase of 26,000 shares at 34.31 PKR on July 12. A subsequent transaction on July 15 saw him acquire an additional 11,500 shares at 35.29 PKR. All transactions were conducted in the futures market and facilitated through CDC, the electronic book entry system used in Pakistan’s financial market.

According to information available from the Pakistan Stock Exchange (PSX), the company confirmed that these transactions would be presented for review at the next board meeting as required under clause No. 5.6.1(d) of PSX Regulations. Furthermore, it has been noted that the holding period for these transactions is over six months. Should any of the transactions fall within a six-month period, the company assures that the profit equivalent will be submitted to the Securities and Exchange Commission of Pakistan (SECP) under Section 105 of the Securities Act, 2015, with a formal intimation to the PSX.

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