Karachi: In a recent filing with the Pakistan Stock Exchange, substantial shareholder Imran Haroon disclosed an increased stake in Kohinoor Power Company Limited. On October 11, 2024, Haroon submitted the necessary documentation to the Chief Regulatory Officer, detailing his ownership of 1,645,972 ordinary shares, which now constitutes 13.06% of the total issued voting shares of the company, marking a significant increase from his previous holdings.
According to information available from the Pakistan Stock Exchange (PSX), the documents indicate that Haroon purchased an additional 723,770 shares on August 20, 2024, at a price of Rs. 8.7085 per share. This acquisition was performed under the stipulations set by Section 101(1) of the Securities Act of 2015, which requires substantial shareholders to report any changes in their holdings.
The filing also highlighted that this latest purchase brought Haroon’s total stake in the company to an amount representing a noteworthy 13.06% of Kohinoor Power’s total issued shares. This move aligns with the regulatory framework aiming to ensure transparency in the holdings of significant shareholders.
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