Transfer of BESOS shares back to Govt. of Pakistan

Oil and Gas Development Company Ltd

09 July 2026

 

CS04-08 (PSX/LSE/SECP)/1

July 09, 2026

The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi-74000, Pakistan.

London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS. Tel: [phone]

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.

 

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