Gul Ahmed Textile Mills Declares 20% Interim Bonus Shares for Shareholders

Karachi, In a recent meeting held in Karachi, the Board of Directors of Gul Ahmed Textile Mills Limited has recommended the declaration of 20% interim bonus shares for the company’s shareholders. This decision is in addition to the interim bonus shares already issued at a rate of 0%.

The Board also discussed other financial matters and announced that there will be no interim cash dividend for the year. The previous interim dividend of NIL% per share, which had already been paid, will not be supplemented with any additional cash dividend.

The issuance of the 20% interim bonus shares will be made in proportion to the number of shares held by each shareholder. For every 100 shares held, shareholders will receive 20 additional shares. This move aims to provide additional value to the existing shareholders of Gul Ahmed Textile Mills.

The entitlement of the bonus shares and any other corporate actions will be granted to shareholders whose names are registered in the company’s Register of Members as of June 21, 2023. To facilitate the process, the Share Transfer Books of the Company will be closed from June 22 to June 23, 2023, inclusive.