Pakistan Cables Limited Completes Allotment of Bonus Shares to Shareholders

Karachi: On October 21, 2024, Pakistan Cables Limited successfully credited an additional 4,833,989 securities into the accounts of its shareholders in the Central Depository System (CDS), following the company’s announcement of a 10% bonus share distribution.

This action comes as a follow-up to the approval received during the company’s Board meeting on August 16, 2024. The Central Depository Company of Pakistan Limited (CDC) confirmed the end of day credit for these bonus securities according to the entitlement list provided.

According to information available from the Pakistan Stock Exchange (PSX), this issuance has increased the paid-up capital of Pakistan Cables Limited to 54,457,418 securities. Shareholders are advised to verify their accounts for accuracy and report any discrepancies to the company promptly.

This strategic distribution of bonus shares is part of Pakistan Cables Limited’s commitment to enhancing shareholder value and reflects positively on the company’s financial health and its management’s confidence in sustaining growth.

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