AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Modaraba AI-Mali has released a comprehensive schedule for the handling of unpaid rights through the Central Depository System (CDS). The company aims to ensure a smooth and efficient process for its stakeholders. Here are the key dates and activities related to the unpaid rights:
Book Closure Dates: May 23 to May 29, 2023
Right Ratio: 14.3445027818%
Right Security Name & Symbol: Modaraba AI-Mali
Right Security ISIN: PK0032803022
Banker to the Right Issue: All Branches of Faysal Bank Limited & JS Bank Limited
The following activities are associated with the handling of unpaid rights:
1. Commencement of trading of unpaid Right (LOR) at Stock Exchange: Tuesday, June 6, 2023.
2. Last date for initiation of withdrawal request: Monday, June 12, 2023.
3. Last date for initiation of deposit request: Wednesday, June 14, 2023.
4. Last date of trading at Stock Exchange: Friday, June 23, 2023.
5. Last date for initiation of Pledge request: Tuesday, June 27, 2023.
6. Last date for movement of securities (Only allowed Free Delivery Transaction): Tuesday, June 27, 2023.
7. Last date of Subscription request & payments: Wednesday, July 5, 2023.
8. Last date of Pledge release and Pledge call: Wednesday, July 5, 2023.
9. Tentative date for credit of shares against rights issue: Tuesday, July 25, 2023.
Modaraba AI-Mali is committed to ensuring that all shareholders are able to exercise their rights effectively. They have designated Faysal Bank Limited and JS Bank Limited as bankers to the right issue, facilitating smooth transactions.
Investors are encouraged to take note of the schedule and adhere to the deadlines for various activities to ensure a seamless experience. Modaraba AI-Mali aims to maintain transparency and provide the utmost convenience to its valued shareholders throughout the handling of unpaid rights.