Karachi April 11 2025: Trading in Lucky Cement Limited shares will be temporarily suspended from April 21st to April 25th to given effect to the change in the face value of the company.
“It is hereby informed to all concerned that as a result of Book Closure announced by Lucky Cement Limited (“LUCK”) from April 23, 2025 to April 25, 2025 vide letter dated March 24, 2025 (notified through PSX website), to give effect to the change in the face value of LUCK’s shares from PKR 10/- to PKR 2/-, trading in the shares of Lucky Cement Limited in Ready Market will be suspended from Monday, April 21, 2025 till Friday, April 25, 2025.”
Moreover, since LUCK is also a DFC eligible security, therefore all the existing contracts of LUCK i.e. LUCK-APR, LUCK-MAY and LUCK-JUN shall be forced closed on Tuesday, April 15, 2025 with settlement on Thursday, April 17, 2025. New future contracts which include 30,60 and 90-day i.e. LUCK-MAY, LUCK-JUN and LUCK-JUL contracts shall be made available for trading w.e.f Monday April 28, 2025.
Further to note that, trading in the shares of Lucky Cement Limited in Ready and Future Markets shall be resumed from Monday, April 28, 2025, subject to fulfillment of all relevant requirements by the Company.
The opening price on resumption of trading in the shares of LUCK will be one fifth of the closing price of shares on the last day of its trading in Ready Market i.e. Friday, April 18, 2025. The total number of shares of LUCK will be increased from 293,000,000 shares to 1,465,000,000 shares, however, the paid-up capital of the Company will remain unchanged.
