Waves Home Appliances Executives Engage in Significant Share Transactions

Karachi: Waves Home Appliances Limited has reported substantial share transactions by its executive directors, as part of compliance with PSX Regulation 5.6.1(d).

On August 29 and 30, 2024, Hamza Ahmed Khan and Haroon Ahmed Khan, both serving as Executive Directors at Waves Home Appliances, engaged in multiple transactions involving the company’s shares. Hamza Ahmed Khan executed transactions described as “Other – out” and “Other – in,” involving 2,700,000 shares each, at rates of 6.54 and 6.70 respectively. Similarly, Haroon Ahmed Khan conducted buy and sell transactions of 3,400,000 shares each, at rates of 6.75 and 6.60 respectively. All transactions were processed through the Central Depository Company (CDC) with some occurring in the Future market and others in the Normal Delivery Market (NDM).

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be reviewed in the forthcoming board meeting, addressing any potential non-compliances as mandated by clause 5.19.15 of PSX Regulations. The company has confirmed that the transactions either met or exceeded the mandatory holding period of six months. For transactions falling short of this period, profits will be submitted to the Securities and Exchange Commission of Pakistan (SECP), as stipulated under Section 105 of the Securities Act, 2015, with notifications to be sent to PSX accordingly.

These disclosures ensure transparency and regulatory compliance, maintaining investor confidence by detailing executive stock activities within the company.

The post Waves Home Appliances Executives Engage in Significant Share Transactions appeared first on .