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Oil and Gas Development Company Ltd (OGDCL) reported that 432,189,039 ordinary shares of the OGDCL Employees Empowerment Trust were transferred back to the Government of Pakistan on July 08, 2026, at a price of 0.00 per share. This transaction increased the Government of Pakistan's direct shareholding in OGDCL from 67.48% to 77.53%.
| Date | 9 Jul 2026 |
| Time | 08:49:26 |
| Category | Miscellaneous |
| ID | 6932L |
CS04-08 (PSX/LSE/SECP)/1
July 09, 2026
|
The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Road, |
London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS.
Tel: (44) 20 7334 8907 |
Subject: Transfer of BESOS shares back to Government of Pakistan (GoP)
Dear Sir,
This is to inform that pursuant to the decision of the Honorable Supreme Court of Pakistan in C.A No. 421 to 423 of 2018, CA No. 19-K of 2019 and CP No. 852 of 2018 on Benazir Employees Stock Option Scheme (BESOS), the entire shareholding of 432,189,039 ordinary shares of OGDCL Employees Empowerment Trust formed under Benazir Employees Stock Option Scheme has been transferred back to the Government of Pakistan (GoP). Consequently, the GoP's direct shareholding in the Company has increased from 67.48% to 77.53%. Details of transfer of shares are outlined below:
|
Sr. No. |
Name |
Date of Transaction |
Price per Share |
Nature of Transaction |
Number of Shares |
Form of Share Certificate (Physical/Electronic) |
Cumulative Number of Shares Owned |
|
1. |
The President Islamic Republic of Pakistan |
08-07-2026 |
0.00 |
Transfer In |
432,189,039 |
Physical |
3,334,337,220 (77.53%) |
The above information is submitted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations, for dissemination amongst your members.
Yours Sincerely,
(Wasim Ahmad)
Company Secretary
Copy: Executive Director/HOD, Supervision Division, SECP, Islamabad.