CLOV sets April 18 book closure for 10 to 1 stock split
MG News | April 06, 2026 at 04:38 PM GMT+05:00
April 6, 2026 (MLN): The face value of Clover Pakistan Limited (PSX:CLOV)
shares will be reduced from Rs10 to Rs1, increasing the total number of shares
from 38,928,824 to 389,288,240, while the paid-up capital of the company
remains unchanged.
Trading in CLOV shares will shift to a T+0 (same-day
settlement) basis for a single trading day of BC-1, Friday, April 17, 2026.
Normal T+1 settlement will resume from Monday, April 20,
2026, the first working day after Book Closure.
The opening price of CLOV on April 20, 2026 will be set at
one-tenth of the closing price recorded on April 17, 2026, in line with the
adjusted face value. The change was notified through the PSX website via a
letter dated April 03, 2026.
The aforementioned information was disseminated
through a notification to Exchange.
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