REG - United Bank Limited - Transfer of shares to MRT & MRC

United BankAnnouncement

Wed 07:00

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RNS Number : 5355Z  United Bank Limited  07 April 2026

Secretary's Department

 

SD/PSX/MRT&MRC/26

 

07 April 2026

The General Manager
 
 

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

 

Dear Sir,

Transfer of shares to Material Risk Takers and Material Risk Controllers

 

This is to inform you that, in line with the UBL's Risk Aligned Remuneration
Framework, the deferred portion of variable compensation for Material Risk
Takers (MRTs) and Material Risk Controllers (MRCs) is held in a trust-managed
pool. This pool comprises of UBL shares and Government Securities acquired
from the open market through a brokerage house on behalf of the Trust.

 

Each year, one-third of the deferred variable compensation for a given year
vests and the corresponding UBL shares are transferred to the respective
employees of UBL.

 

Accordingly, 294,175 shares of the Bank have been credited to the respective
CDC accounts of 48 employees of UBL on April 02, 2026 through a brokerage
house at the purchase price. The said transfers of UBL shares includes 244,820
shares allocated/transferred to 26 employees designated as executives in terms
of Securities Act, 2015 and PSX Regulations, as per the attached annexure.
These transfers of shares are part of the first, second, and third tranches of
deferred compensation for the years 2024, 2023 and 2022 respectively.

 

You are requested to disseminate the above information to TREC Holders of the
Exchange.

 

Yours faithfully

 

         Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

C.C to:

 

1.   London Stock Exchange, London UK.

2.    The Commissioner, Enforcement & Monitoring Division, SECP,
Islamabad.

 

Annexure

 

 1.         Mr. Muhammad Jawaid Iqbal        76,047
 2.         Mr. Abdul Aleem Qureshi          27,299
 3.         Mr. Alee Khalid Ghaznavi         23,063
 4.         Mr. Syed Manzoor Hussain Zaidi   19,700
 5.         Mr. Adil Haroon                  14,577
 6.         Ms. Nadia Tabassum               11,439
 7.         Mr. Ahmad Nasir                  11,238
 8.         Mr. Sohail Aziz                  10,941
 9.         Mr. Munawar Raza Shah            8,869
 10.        Mr. Aqeel Ahmed Nasir            7,495
 11.        Ms. Hafsa Abbasy                 7,126
 12.        Mr. Suleman Pervez               4,961
 13.        Mr. Muhammad Mushtaq             4,012
 14.        Mr. Muhammad Ramzan              3,748
 15.        Mr. Mehdi Hassan Siddiqui        3,394
 16.        Mr. Chaudhry Qaisar Iqbal        3,259
 17.        Mr. Mohammad Zaman Magsi         1,306
 18.        Mr. Imran Kapadia                1,215
 19.        Mr. Tahir Javed                  1,136
 20.        Mr. Mazhar Arif                  817
 21.        Mr. Irfan Masood                 754
 22.        Mrs. Tayyaba Sayyed              626
 23.        Ms. Fatima Shahzad               545
 24.        Mr. Asad Rizvi                   545
 25.        Mr. Moazzam Haider               545
 26.        Mr. Faisal Javed Siddiqui        163
 Total Shares                                244,820

 

 

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