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Karachi, In a recent board meeting held in Lahore, the Board of Directors of Millat Tractors Limited has recommended the issuance of interim bonus shares to its shareholders. This decision aims to reward the shareholders for their continued support and loyalty to the company.
The board has proposed the distribution of one bonus share for every two shares held, representing a 50% bonus. This allocation is in addition to the interim bonus shares already issued at a rate of 10%.
Furthermore, the board did not recommend any cash dividend for the year, thus preserving the financial resources for other purposes.
The entitlement of bonus shares will be provided to the shareholders whose names appear in the Register of Members by June 23, 2023. To facilitate the process, the Share Transfer Books of the Company will remain closed from June 24 to June 25, 2023, both days inclusive.