TPL Properties : Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
November 18, 2022 at 07:59 am EST
Share
Date: November 18, 2022
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Disclosure of Interest by a Director, CEO, or Executive of a Listed Company and their Spouses and the
Substantial Shareholders u/c 5.6.4 of PSX Regulations
Dear Sir
We have to inform you that the following transactions have been executed by the substantial shareholder in shares of the Company, detail of which is hereunder:
Sr. No.
Name of Person
Details of Transactions
Date
Nature
No. of shares
Rate (Rs.)
Form of
Market
Share
Certificates
1
TPL Corp Limited
16-11-2022
Sell*
930,000
19.11
CDS
Regular
2
TPL Corp Limited
16-11-2022
Sell*
70,000
19.12
CDS
Regular
3
TPL Corp Limited
16-11-2022
Sell*
1,500,000
19.09
CDS
Regular
4
TPL Corp Limited
16-11-2022
Buy
1,000,000
19.84
CDS
Future
5
TPL Corp Limited
16-11-2022
Buy
1,500,000
19.82
CDS
Future
*This is clarified that the shares have been sold in order to raise financing and the same shares have already been purchased in the future market.
We confirm that the said transactions will be presented in the subsequent Board meeting including duly highlighted the non-compliance(s), if any, for their consideration as required under clause No. 5.6.4 of PSX Regulations and confirm the same to the Exchange.
We further confirm that holding period for the transactions is over six (06) months and in case it is within six (06) months, the cheque equivalent to the profit shall be deposited with SECP as required under Section 105 of the Securities Act, 2015 under intimation to PSX.
Yours truly
Danish Qazi
Company Secretary
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TPL Properties Ltd. published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 12:58:05 UTC.
TPL Properties Limited is a Pakistan-based real estate development company. The principal activities of the Company are to invest, purchase, develop, sell, lease or dispose of real estate assets primarily in the commercial and residential asset classes. Its projects include Centrepoint, Tech Park, One Hoshang and Mangrove. The Companyâs flagship project, Centrepoint, is a 28-storey skyscraper. One Hoshang is an ultra-high-end luxury residential tower, comprising G+37 stories. The Companyâs wholly owned subsidiary, TPL Developments (Pvt.) Limited, is engaged in the development and marketing of all types of real estate, including developed or undeveloped land, housing or commercial projects such as multi-storied buildings (for commercial, residential, and industrial purposes), shopping centers, restaurants, hotels and recreational facilities.
TPL Properties : Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations