Karachi September 27 2022: Pakistan Stock Exchange Limited has approved the schedule for the issue of Right Shares of G3 Technologies Limited (“Company”).
In this respect, the trading in the Unpaid Rights of the Company will start from Tuesday, October 04th 2022 accompanying with the settlement date on Thursday, October 06th 2022.
The Unpaid Rights of the Company have already been declared as eligible security by the Central Depository Company of Pakistan Limited (“CDC”) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (“NCCPL”), which has already assigned the Company Code/Security Symbol as “GTECHBR”.
Earlier, the Board of Directors of the G3 Technologies Limited (GTECH) in their meeting held on September 05 as decided to increase the paid up share capital of the Company by issuing Class B Shares that is being offered to the existing Ordinary Shareholders by way of right in the ratio 8.8045 percent for every one share held.
The purpose of the Issue is to incur capital expenditure related to Calcium Carbide Project and meet working capital requirements needs.
