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Karachi, Pakistan Oxygen Limited has successfully completed the credit of 253 bonus shares into the respective accounts of shareholders in the Central Depository System (CDC). Additionally, physical share certificates for the bonus shares have been dispatched to the registered addresses of entitled shareholders as of May 18, 2023.
To consolidate and dispose of fractional shares, Pakistan Oxygen Limited engaged the services of Arif Habib Limited, a TREC Holder of the Exchange. The transaction took place on July 13, 2023, with the sale proceeds detailed as follows:
Number of Fractional Shares: 607
Rate/Share:
Rs 97.10 for 100 shares
Rs 97.05 for 100 shares
Rs 97.20 for 100 shares
Rs 97.00 for 200 shares
Rs 97.25 for 100 shares
Rs 96.31 for 7 shares
After deducting commissions of Rs 88.40 and taxes of Rs 11.49, the total proceeds from the sale of fractional shares amount to Rs 58,834.28.
Pakistan Oxygen Limited has decided to donate the realized proceeds from the sale of fractional shares to a recognized charitable trust. This decision was approved by the shareholders in the annual general meeting, demonstrating the company’s commitment to corporate social responsibility and making a positive impact in the community.
The successful credit and dispatch of bonus share certificates, along with the responsible handling of fractional shares through a reputable TREC Holder, showcases Pakistan Oxygen Limited’s commitment to delivering value to its shareholders. The company’s decision to donate the proceeds further reflects its dedication to contributing to social welfare and giving back to society.
This transaction not only benefits the entitled shareholders but also supports a noble cause through the charitable donation. Pakistan Oxygen Limited continues to prioritize transparency, fairness, and responsible corporate practices, ensuring the best interests of its stakeholders and the wider community.
The post Pakistan Oxygen Limited Completes Credit and Dispatch of Bonus Share Certificates, Sells Fractional Shares for Charitable Donation appeared first on Pakistan Company News.