Islamabad: A significant transaction involving the shares of Ibrahim Fibres Limited was executed by M/s. Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor of the company, on August 5, 2024.
The transaction details revealed the purchase of 6,449 shares at a rate of PKR 350.00 per share, recorded in the Central Depository Company (CDC) under the Ready market category. According to information available from the Pakistan Stock Exchange (PSX), this transaction adheres to the regulatory framework mandated by the PSX Regulations, specifically under clause No. 5.6.4, and will be reviewed in the upcoming board meeting. The board will also assess any non-compliance issues associated with this transaction.
Additionally, it is confirmed that the holding period for these transactions exceeds six months. In cases where transactions fall within a six-month period, the company is required to deposit the equivalent profit amount with the Securities and Exchange Commission of Pakistan (SECP), ensuring compliance with Section 105 of the Securities Act, 2015, and informing PSX accordingly.
This transaction underlines the active participation of substantial shareholders in the company’s market activities, contributing to the ongoing financial dynamics of Ibrahim Fibres Limited.
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