Karachi May 22 2024: Pakistan Stock Exchange informed to all concerned that Class “A” and Class “B” shares of PIA Holding Company Limited (“PIAHCL”) will be listed on the Exchange with effect from Monday, May 27, 2024.
PIA Holding Company Limited is being listed on the Exchange pursuant to the Scheme of Arrangement between Pakistan International Airlines Corporation Limited and PIA Holding Company Limited, sanctioned by the Securities & Exchange Commission of Pakistan vide its Order dated May 03, 2024, under Sections 279 to 283 and 285(8) of the Companies Act, 2017.
“Trading in Class “A” and Class “B” shares of the Company will commence on the PSX Main Board from Monday, May 27, 2024, and shall be settled on a T+2 basis. The first settlement date will be Wednesday, May 29, 2024″ the notice added.
The Market Lot of Class “A” and Class “B” shares of the Company will be 1 share of Rs.10/- and Rs.5/- each, respectively.
The Opening Price of PIAHCLA and PIAHCLB shall be the same as the closing price of PIAA and PIAB on the last date of trading at PSX, which has already been disseminated through PUCARS on May 21, 2024.
Both Class “A” and Class “B” shares of the Company have already been declared as an 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). NCCPL has assigned “PIAHCLA” and “PIAHCLB” as the Security Symbols for Class “A” and Class “B” shares of the Company, respectively.
