Ibrahim Fibres : 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 30, 2022 at 05:43 am EST
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Form - 29
Date: 30-11-2022
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
Subject: Disclosure of Interest by a Director CEO, or Executive of a Listed Company and their Spouses and the Substantial Shareholders u/c5.6.4 of PSX Regulations
Dear Sir,
We have to inform you that the following transaction(s) have been executed by substantial shareholders in shares of the Ibrahim Fibres Limited, details of which are hereunder:
Sr.
Name of Person
with
Details of Transaction(s)
Form of
No.
Description
Date
Nature
No. of
Rate
Share
Market
Shares
Certificates
M/s. Ibrahim Holdings
1.
(Pvt.) Ltd.
28-11-2022
Buy
800
200.00
CDC
Ready
(Substantial
Shareholder/ Sponsor)
We confirm that the said transaction(s) 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 transaction(s) 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 Sincerely,
Ibrahim Fibres Limited
~~retary
Ibrahim Centre,
Ibrahim Centre,
i
Ibrahim Centre,
15-ClubRoad,
11-B,Lala Zar,
1-AhmadBlock,
www.igcpk.com
1
Faisalabad,
1
M. T. Khan Road,
New Garden Town,
Pakistan.
Karachi, Pakistan
Lahore, Pakistan.
info@igc.com.pk
Tel 92 41 2617836
Tel 92 21 35611601
Tel 92 42 35869151
Fax 92 41 2617842
Fax 92 21 35611609
Fax 92 42 35864915
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Disclaimer
Ibrahim Fibres Ltd. published this content on 30 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 10:40:09 UTC.
Ibrahim Fibres Limited is a Pakistan-based company, which is engaged in the manufacture and sale of polyester staple fiber (PSF) and yarn. Its consolidated operations comprise of Polyester Plants and Textile Spinning Plants supported by in house power generation plants (based on HFO, Gas and Coal). The Polyester Plants produce a range of PSF in different varieties, lusters, cut lengths and fineness. These polyester plants also produce dyed and hollow fibers in siliconized and non-siliconized varieties. Its Textile Spinning Plants specialize in production of finer counts of blended as well as pure synthetic yarns. The total power requirement of the Company is met from internal power generation. The Company also uses national grid power up to 16 megawatts (MW), being used as stand-by arrangement.
Ibrahim Fibres : 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