GCWL opens 0.50% right issue of PRS at Rs100

June 11, 2026 (MLN): Ghani ChemWorld Limited (GCWL) has declared a right issue of 1,250,719 Partially Redeemable Shares (PRS) at Rs100 per share at par, with a total issue size of Rs125,071,900, as communicated to the Pakistan Stock Exchange vide letter dated June 09, 2026, and notified by PSX through notice on June 11, 2026.

The right entitlement stands at 05 PRS shares for every 1,000 ordinary shares held as of the close of business on June 10, 2026, with book closure observed on June 11, 2026.

The company has confirmed it will abide by all CDC and PSX procedures relating to right shares and will deposit unpaid rights in book entry form within the stipulated timeframe.

Rights will be credited into CDS accounts in book entry form on June 12, 2026, while Letters of Right (LOR) will be dispatched to physical shareholders on June 15, 2026.

Trading of unpaid rights on the exchange commences June 15, 2026, with the last date for splitting and deposit of requests into CDS on June 16, 2026.

The last date of rights trading is June 29, 2026, while the last date for acceptance and payment is July 06, 2026. Allotment, credit of shares into CDC, and dispatch of physical share certificates are all scheduled for July 20, 2026.

Each PRS is priced at Rs100, divided into a redeemable portion of Rs90 and an irredeemable portion of Rs10 per share.

Payment can be made via cash, crossed cheque, demand draft, or pay order in favour of the "Ghani ChemWorld Limited Right Issue Subscription Account" through all branches of The Bank of Punjab across Pakistan.

Online payment is also available through 1Link's member banks for IAS/Sub Account Holders via internet banking, ATM, and mobile banking channels.

Shareholders holding shares in physical form may renounce their Letter of Rights by depositing into their CDS investor or sub-account.

The PRS carry voting rights equivalent to one ordinary share, dividends are non-cumulative, and the shares will be listed on the Main Board of the Pakistan Stock Exchange.

Each PRS shall convert into five fully paid ordinary shares upon the occurrence of a specified triggering event. The notice was signed by Company Secretary Farzand Ali on behalf of Ghani ChemWorld Limited.

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