Trust Securities introduces massive 450m rights share offer

January 19, 2026 (MLN): Trust Securities & Brokerage Limited (PSX: TSBL) has approved an increase in its paid-up share capital through the issuance of 450 million ordinary shares via a rights issue.

The company’s Board of Directors, in its meeting held on January 19, 2026, decided that the new ordinary shares, each having a face value of Rs1, will be offered to existing shareholders at a ratio of 1.5 right shares for every 1 ordinary share held, representing a 150% rights entitlement.

The rights shares will be issued at Rs1 per share with no premium, according to the company’s filing on PSX revealed today.

The proposed rights issue will result in an addition of Rs450m to the company’s paid-up capital upon full subscription.

The dates for closure of the share transfer books, required to determine shareholders’ entitlement to the rights shares, will be declared after finalization of the offer letter and related documentation.

The company has shared key supporting documents, including details of the rights issue structure, issue size and pricing, purpose and utilization of proceeds, associated risk factors, and the minimum subscription requirement.

Certified extracts of the board resolution approving the rights issue, along with a draft notice of the rights issue and book closure for shareholders, have also been prepared for publication.

This development represents a significant capital expansion step for Trust Securities & Brokerage Limited, aimed at strengthening its equity base.

Copyright Mettis Link News