Karachi June 30 2022: As a result of Book Closure announced by Samin Textiles Limited (SMTM or the Company) from July 07, 2022 to July 14, 2022 to give effect to the consolidation of SMTM’s shares in the ratio of 100 SMTM’s shares for every 225 SMTM’s shares held by each existing shareholder of SMTM as on the Book Closure date, trading in the shares of Samin Textiles Limited will be suspended w.e.f. Tuesday, July 05, 2022.
The trading the shares of the Company shall be resumed from Friday, July 15, 2022. The closing price of shares of SMTM on the last day of trading i.e. July 04, 2022 will be multiplied by 2.25 factor. The total number of shares of SMTM shall be consolidated to 11,879,111 Ordinary Shares from 26,780,000 Ordinary Shares.