Islamabad June 26 2023: Pakistan Stock Exchange Limited is pleased to notify the listing of investment management firm, LSE Ventures Limited (LSEVL), with effect from Tuesday, June 27, 2023.
LSEVL is being listed on the Exchange pursuant to the Scheme of Arrangement for merger / amalgamation of Data Textiles Limited (DATM) with and into LSE Proptech Limited and LSE Ventures Limited sanctioned by the Lahore High Court vide Order dated April 26, 2023. As per the swap ratio disclosed in the Scheme, the shareholders of DATM have been allotted 25 shares of each Company i.e. LSEVL and LSEPL against every 1,000 shares of DATM.
Currently, the company is engaged in the business of Investment management in portfolio companies, pre-IPO stage equity investments & Treasury management.
Trading in the shares of the Company will commence on the PSX Main Board from Tuesday, June 27, 2023 and shall be settled on T+2 basis. The first settlement date will be Tuesday, July 04, 2023.
The Market Lot of the Company will be 500 shares of Rs.10/- each.
The 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 “LSEVL” to the Company as their Company Code / Security Symbol.
The Opening Price of the shares of the Company will be PKR 10/- per share, as determined by the Company which has already been disseminated through PUCARS on May 31, 2023. The Company will be quoted in the “Investment Banks / Investment Companies / Securities Companies” Sector in the Daily Quotation of the Exchange.
LSE Ventures Limited (LSEVL) was incorporated in 2022 as a public Limited Company and was subsequently listed on Pakistan Stock Exchange on May-2023 through a reverse merger arrangement with Data Textile Limited.