Final Book Closure Dates Announced for First UDL Modaraba Merger with UDL International

Karachi, First UDL Modaraba (FUDLM) has announced the final book closure dates as part of its merger with UDL International Limited (UDLI), according to information available from the Pakistan Stock Exchange (PSX). This follows the Scheme Sanctioned by the Honourable High Court of Sindh, detailing a swap ratio of 1:1. For each ordinary certificate of FUDLM with a face value of Rs. 10, one ordinary share of UDLI will be issued.

The book closure period is set from June 13, 2024, to June 19, 2024, inclusive, with the register of certificate holders closing permanently on June 12, 2024. The last trading day for FUDLM on the PSX will be June 10, 2024. Certificate holders registered at the close of business on June 12 will be eligible to receive equivalent shares of UDLI.

The closing price of FUDLM’s certificates will be used as the opening price for UDLI shares. Certificate holders are advised to update any changes in address or certificate details with CDC Share Registrar Services Limited at the listed address in Karachi. Holders of physical certificates need to surrender them to receive UDLI shares in a Jumbo lot format.