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Karachi, Next Capital Limited, a prominent financial entity, has successfully concluded the Acceptance Period for share applications. The Acceptance Period, which commenced on August 15, 2023, reached its conclusion on August 21, 2023. During this stipulated timeframe, a significant response was received from investors.
A total of 483,314,726 shares, accompanied by complete and valid sets of documents, were submitted within the Acceptance Period. This surge of applications was in response to an offer size of 275,891,286 shares, indicating strong investor interest in the opportunity.
In line with the provisions of Section 112(2) of the Securities Act, 2015 (“Act”), and the specified procedure detailed in the Public Offer, Next Capital Limited has executed the following actions:
For shareholders who tendered 500 or fewer shares, all shares have been accepted.
For applications exceeding 500 shares, an initial acceptance of 500 shares has been processed.
A pro-rata ratio of 57.06% has been applied to the remaining shares in order to ensure fairness and equity.
Shares, following the prorating process, have been rounded to the nearest whole number to avoid fractional shares and rounding differences.
This meticulous process of acceptance and allocation has been meticulously followed to uphold transparency and integrity in dealing with shareholder applications. The company remains committed to adhering to regulatory standards and investor expectations.
Next Capital Limited acknowledges the substantial interest displayed by investors during the Acceptance Period and extends its gratitude for their participation.
Investors and stakeholders are encouraged to remain updated with the latest developments by visiting the official communication channels of Next Capital Limited.
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