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 15, 2022 at 05:31 am
Share
Date: November 15, 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
Rate (Rs.)
Form of
Market
shares
Share
Certificates
1
TPL Corp Limited
11-11-2022
Sell*
1,500,000
19.24
CDS
Regular
2
TPL Corp Limited
11-11-2022
Sell*
1,000,000
19.27
CDS
Regular
*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 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 10:30:04 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