MPCL-CA-23-3525

June 20, 2023

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

Subject: Transfer of BESOS shares back to GoP

Dear Sir,

In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 (a) of PSX Regulations, we hereby convey that in line with the Supreme Court of Pakistan's judgement dated October 22, 2020 on Benazir Employees Stock Option Scheme (BESOS), the Board of Trustees of MPCL Employees Empowerment Trust (the Trust) has decided to close the Trust.

Accordingly, 2,135,832 ordinary shares held in the name of the Trust have been transferred back to the Government of Pakistan (GoP). Resultantly, the total shareholding of GoP in MPCL stands at 26,662,548 ordinary shares.

You may inform the TRE Certificate Holders of the Exchange, accordingly.

Very truly yours,

Muhammad Sajjad

Acting Company Secretary

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Mari Petroleum Company Limited published this content on 20 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2023 07:24:07 UTC.