Karachi, Recent filings with the Pakistan Stock Exchange disclosed that Nighat Haroon Khan, Executive Director at Waves Corporation Limited, engaged in substantial share transactions as gifts.

According to a report issued by Waves Corporation Limited, Nighat Haroon Khan, an Executive Director of the company, has made several significant transactions involving the transfer of shares as gifts. These transactions, According to information available from the Pakistan Stock Exchange (PSX), included two instances where a million shares each were gifted in, and two instances of gifting out two and a half million shares each.

The transactions took place between May 27, 2024, and June 11, 2024, with all shares transferred through the Central Depository Company (CDC). These activities will be reviewed in the upcoming board meeting to address any potential non-compliance issues as per PSX regulations. The report further confirms that the transactions either satisfied or exceeded the six-month holding period required by law, ensuring compliance with the Securities Act of 2015.

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