SAPT announces the transfer of shares under High Court directives

In a notification sent to PSX on 10/06/2024, Sapphire Textile Mills Limited (SAPT) announced that the 169,607 shares were transferred under a new sapphire textile arrangement.

We hereby convey the information as received from transferee companies Resource Corporation (Private) Limited and its members, Channel Holdings (Private) Limited and its members, ATMZ Company (Private) Limited and its members, Synergy Holdings (Private) Limited and its members, and STM Corporation (Private) Limited and its members through the letter attached herewith in respect of transfer of shares of the Company under Scheme of Arrangement as sanctioned by the High Court of Sindh (the Court) at Karachi.

The shares of Sapphire Textile Mills Limited held by SFL Corporation (Pvt) Limited have been transferred as a consequence of the Scheme of Arrangement sanctioned by the High Court of Sindh (the Court) at Karachi vide order J.C.M. No. 49 of 2022 dated March 02, 2024, as per detail below:

• Resource Corporation (Private) Limited: 35,053 shares (0.16%)
• Channel Holdings (Private) Limited: 35,053 shares (0.16%)
• ATMZ Company (Private) Limited: 35,053 shares (0.16%)
• Synergy Holdings (Private) Limited: 35,053 shares (0.16%)
• STM Corporation (Private) Limited: 29,395 shares (0.14%)

Total: 169,607 shares (0.78%)

SAPT shares were last trading at Rs. 1300 today.