Karachi February 28 2022: The Board of Directors of TPL Properties Limited (TPLP) has recommended to issue Interim Bonus Shares in proportion of 3 shares for every 10 shares held i.e. 30 percent, as per company filling at exchange.
The stock gained PKR 1.12 per share or 3.87 percent to trade at PKR 30.05 in today’s trading session at PSX.
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The above entitlement will be paid to the shareholders whose names will appear in the Register of Members as at close of business on March 18, 2022.
TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007 under the repealed Companies Ordinance, 1984. Subsequently in 2016, the Company had changed its status from private limited company to public company. The principal activity of the Company is to invest, purchase, develop and build real estate and to sell, rent out or otherwise dispose of in any manner the real estate including commercial and residential buildings, houses, shops, plots or other premises.