UBL to slash share face value to Rs5 from June 23

June 13, 2025 (MLN): United Bank Limited (PSX: UBL) to give effect to the change in the face value of its shares from Rs10 to Rs5 on June 23, 2025, as per the notice issued by PSX.

The trading in the shares of UBL shall be subject to a modified settlement cycle, i.e., on a T+0 basis (same day settlement) for the trading days of BC-2 and BC-1, Thursday, June 19, 2025, and Friday, June 20, 2025, due to the stock split.

However, with effect from June 23, 2025 (the first working day after the Book Closure), the normal settlement cycle, i.e., T+2, shall be resumed with adjusted price.

Furthermore, since UBL is also a DFC-eligible security, the trading schedule shall be followed as per entitlement.

Trading and Settlement Schedule with the entitlement:

Trading and Settlement Schedule with the entitlement:

Trades taking place in the above-mentioned security in JUNC, JULB, and AUGB contracts shall not be eligible for the entitlement and shall be traded on an ex-benefit basis.

The overlapping period between the above-mentioned contracts shall be 02 trading days, i.e., from June 16, 2025, to June 17, 2025.

The opening price of the shares of UBL on Monday, June 23, 2025, will be half of the closing price of Friday, June 20, 2025.

The total number of shares of UBL will be increased from 1.25 billion to 2.5bn.

However, the paid-up capital of the company will remain unchanged.