Lucky Core Industries set for 5:1 stock split

MG News | July 14, 2025 at 08:14 AM GMT+05:00

0:00

July 14, 2025 (MLN): The Pakistan Stock Exchange (PSX) has notified market participants of a change in the face value of Lucky Core Industries Limited (PSX: LCI) shares from PKR 10 to PKR 2, effectively implementing a 5:1 stock split.

The book closure is scheduled for Saturday, July 19, 2025, to give effect to this adjustment. Given this, trading in LCI shares will be conducted on a T+0 (same-day settlement) basis on Thursday and Friday, i.e., July 17 and 18, 2025 (BC-2 and BC-1 days).

The normal T+2 settlement cycle will resume from Monday, July 21, 2025.

Post book closure, the opening price of LCI shares on July 21 will be set at one-fifth of the closing price on July 18, reflecting the new face value.

As a result of the stock split, the total number of shares will rise from 92.36 million to approximately 461.80 million, while the paid-up capital of the company will remain unchanged.

The PSX advises investors and all concerned market participants to take note of these changes to ensure smooth settlement and compliance.

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