GrantThornton
INDE PENDENT REASONABLE ASSURANC E REPORT ON STATEMF NT OF FRF F FLOAT OF SHARES
To the Chief Executive of PIA Holding Company Limited
Introduction
Gront Thornton Anjum Rahman
1st S 3rd hloc",
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We have been engaged to perform a reasonable assurance engagement on the annexed Statement of Free Floal of Shares (the Statement) of PIA Holding Company Limited (the C ompany) as of 30 June 2024, 30 September 2024 and 31 December 2024.
Applicable criteria
The criteria against which the Statement is assessed is in Regulation No. 5.7.2 (b) (ii) of Pakistan Stock Exchange Limited (PSX Reg uNations) whiCh requires every listed company to submit to the Exchange an annual Free-Fioat certificate duly verified by the and itor, in the format specified by the Exchange, within a period of one hundred and twenty (120) days following the close of financial year.
Management's responsibility for the statement
Management is responsible for the preparation of the Statement as of 30 June 2024, 30 September 2024 and 31 December 2024 .n accordance with the applicable criteria. This responsibility includes maintaining adequate record s and internal controls as determined necessary to enable the preparation of the Statement such that it is free from mater‹ai misstatement, whet he due to fraud o error.
Our independence and quality control
+A/e have complied with the independence and other ethical requirements of the Code of Ethics for Chartered Accountants issued by the Institute of Chartered Accountants of Pakistan, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior.
Our firm applies lnternationa Standard on Quality Management (ISQM 1) "Quality Management for Firms That Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements" and accordin9!r maintains a comp ehensive system of quality control including documented polities and procedures
‹egarding compliance with ethiCal requirements, professional standards and applicable legal and regulatory
requirements.
grontthornton.pk
•{/• GrantThornton
Our resports ibility and summary of the work performed
Our responsibility is to carry our an independent reasonable assurance engagement and to express an opinion as to whether the Slatement is prepared in accordance with the appliCable Criteria, based on the p‹oceoures we have performed and the evidence we have obtained.
We conducted our reasanable assurance engagement in accofdance with International Standard on Assurance Engageme nts 3300 (Revised›. 'Assurance Engagements other than audi(s or reviews of historical I nanc al statements' (ISAE 3 000s (Revisedj issued by the International Auditing and Assurance Standards Board. That standard requires that we plan and perform this engagement to obtain reasonable level of assurance aboul whether the Statement is free from material misstatement.
A reason able assurance engagement in accordance with ISAE 3000 (Revised) involves performing procedures to obtain evidence about the free float of shares and related information in the Statement. The nature, timing and extEnt of procedures selected de pend on the practitioner's judgment, including the assessment of the risks of material misstatement, whether du e to fraud or error, in the Statement. 1n making those risk assessments. we cons dered internal control relevant to the Company's preparation of the Statement. A reasonable assurance eng agement also inch udes assessing the applicable critet a used and s gnif cant estimates made by the management. as well as, evaluating the overall presentation of the Statement
We have carried out the procedures considered necessary for the purpose of providing reasonable assurance on the Statement OUr assu dance proCedures performed included verification of information in the Statement with the underlying data and record comprising of Central Depository Company statements, forms submitted by the Company to the Securities and Exchange Commission of Pakistan relating to its pattern of shareholding and other related information. Verification th at the computation of free float of shares is in accordance with the PSX Regulations al so forms part of our assurance procedures
We believe that the evidence we h ave obtained is sufficient and appropriate to proc ide a basis for o ur opinion
In our opinion, the Statement as of 30 June 2024, 30 Septembe 2024 and 31 Decem ber 2024 is prepar ed, in all
material respects. in acco d ance with the PSX Regulations.
Restriction on use and distributio n
This report is issued in relation to the requirements as stipulated under Regulation No. 5,7,2 (b) (ii) of the PSX Regulations and •s not to be used or distributed for any other purpose This report is restricted to the facts stated herein and the attachments
altered Accountants
Karachi
Dated: 30 Apr 1 2025
Ordinary 'A' Class Shares of Rs.10/- Each
for the Quarter Ended June 30, September 30 and December 31, 2024
Category I Description | ^ Quarter-I | Quarter-2 June 30, 2024 | Quarrel-3 September 30, 2024 | Quarter-4 December 31, 2024 |
Total Outstanding Shares | 5,233,762,118 | SJ33,762,l t8 | 5,233,762,118 | |
Less: Government Holdinds | 5,023,608,577 | 0,023,608,577 | 5,023,608,577 | |
Less: Shares held h' Directors / Sponsors I Senior Management Oticers and thcir associates | 3 | 3 | ||
Less: Shares in Ph'sic:tl Form | 21,11?.?47 | 21. i 15,247 | ||
Less: Shares held by Associate companies I Group Companies (Cross holdings) | ||||
Less: Shares issucd under Ernploj•ees Stc›ck tgti‹›n Schemes thai cnnnnt he suld in the ‹when market in normal | ||||
Less: 7"rcasury shares | ||||
Less: And other catcy‹›r¿' that urc marred frn› selling at the revie ' date | ||||
Free Float | 189,038,291 | 189,038,z91 | 189,043,116 |
'Sponsors' has the same meaning as defined in The Companies (Issue of Capital) Rules, 1996.
'Senior Managemeffi Officers' and 'Associates' has the same meaning as defined in the Securities Act, 2015.
This Statement is prepared in accordance with ihe requirements of Regulation No. 5.7.2 (b) (ii) of Pakistan Stock Exchange RegulBtions (PSX Regulations).
* PIA Holding Company was listed on Pakistan Stock RxchanB• w.e.f. May 27, 2024, vide PSX Notice No PSX/N-749, dated May
25, 2024
Rao Mubammad Imran
Company Secretary
AYM Muhammad Amir Ttayat Chief Executive Officer
Registered Address: 4* Floor, PIA Building, 49-AKM Fazal-e-Haq Road, Blue Area, IslamBbad Liaison Office Address: Company Secretary, 1st Floor, Executive Corridor, PIA Head Office, Karachi-Airport
Ordiaa 'B' Class Shares of Rs.5/- Eacb
For tbe Quarter Ended Juae 30, September 30 aod December 31, 2024
| Quarter-2 Juae 30, 2024 | Quarter-3 Septezaber 30, 2034 | Quarter-4 December 3t, 2024 | ||||||
Total.Outstaéding Sheres;. ' | " . 1i499;999 | " | 1,499"999 | ' .°' | : | 1,4 | 9,99.9 | ||
Less: Government Holdings | 1,462.515 | 1,462.515 | 1,462,515 | ||||||
Less: Shares held by Directors / Sponsors / Senior Management ORicers and their asscxiatcs | |||||||||
Less: Shares in Ph}°sical Form | 34,gS8 | 34.8.58 | J4.858 | ||||||
Less: Shares held h ' A ssociute companies / Group Companies (Cross holdinss) | |||||||||
Less: Shares issucd under Employees Stcck Option Schemes that cannot be suld in the cpcn market in normal | |||||||||
Less: Treasury' shares | |||||||||
Less: Any other category that are barred from selling at lhe review date | |||||||||
'Spoosozs' has the same meaning as defined in The Companies (Issue of Capital) Rules, 1996.
'Senior Management Officers' and 'Associates' has the samc meaning as dcfined in thc Securities Act, 2015.
This Statement is prepared in accordance with the requirements of Regulation No. 5.7.2 (b)(ii) of Pakistan Stock Exchange Regulations (PSX Regulations).
* PIA Holding Company was listed on Pakistan Stock Exchange w.e.f. May 27, 2024, vide PSX Notice to PSX/N-749, dated May
25, 2024
Rao Muhazoz••d I•irao
Coa ploy Secretary
AVM Muhammad Amir llayat
Chief Executive OfficerRegistered Address: 4* Floor, PIA Building, 49-AKM Faza1-<-Haq Road, Blue Area, Islamabad Lieu» om<< xddr«s›: company Secretary, 1st Floor, Execucive Corridor, PIA Head Office, Karachi-Airport