Clover Pakistan plans 10-for-1 share split

February 13, 2026 (MLN): The Board of Directors of Clover Pakistan Limited (PSX: CLOV) has approved a proposal to subdivide the company’s shares in a move aimed at improving affordability and liquidity for investors, according to a disclosure submitted to the Pakistan Stock Exchange.

The board, in its meeting held on February 13, recommended a 10-for-1 stock split, reducing the face value of each ordinary share from Rs10 to Rs1.

The proposal will be placed before shareholders for approval at an Extraordinary General Meeting (EOGM), the date of which will be announced separately.

Alongside the split, the company also plans to amend Clause V of its Memorandum of Association to reflect the revised share structure.

If approved, the company’s existing 38,928,824 ordinary shares of Rs10 each will be converted into 389,288,240 ordinary shares of Rs1 each, with no change in the total paid-up capital.

Eligible shareholders will receive 10 shares for every 1 share held as of the record date to be announced after the EOGM.

The company stated that the initiative is intended to make its shares more accessible to a broader base of investors while enabling stakeholders to participate more fully in its future growth.

Stock splits typically improve market liquidity and trading activity by lowering the per-share price, potentially attracting retail investors without altering the company’s underlying value.

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