WAVESAPP reaffirms compliance for rights issue

August 27, 2026 (MLN): Waves Home Appliances Limited (PSX: WAVESAPP) has reaffirmed its compliance with CDC and PSX procedures relating to its Rights Shares issue, confirming that the unpaid right amount in book-entry form will be deposited within the timeframe stipulated under the CPC procedure and PSX regulations.

The confirmation follows the company's earlier Rights Shares announcement dated 23 July 2026 and Final Offer Document dated 18 August 2026.

The Central Depository Company (CDC) has introduced an online payment facility through 1Link for rights subscription.

Investor Account Holders and Sub Account Holders can now make online payments against their subscribed rights using the 1 Bill Payment ID printed on the top right-hand side of the Right Subscription Request generated by CDS, through all available online banking channels of 1Link's member banks, including internet banking, ATMs, and mobile banking.

Payment of the unpaid Right Letter can also be made through cash, crossed cheque, demand draft, or pay order in favor of "Waves Home Appliances Limited Right Issue Subscription Account," payable through all branches of Bank Makramah Limited, as per the tentative schedule submitted.

Shareholders holding ordinary shares of the company in physical form have been advised that, under the CDC applicable Rights Shares procedures, a physical shareholder may renounce his/her Letter of Right (LOR) by depositing it into his/her own CDS Investor Account or sub-account, or to a person who is an investor or sub-account holder of CDC.

Renouncees can also obtain credit of right shares in book-entry form in their own CDS investor or sub-account holder details.  

Physical shareholders can likewise get credit of right shares in their own CDS investor or sub-account holder account by providing the relevant details.

The company has also requested approval of the Letter of Intimation (LOI) and Letter of Right (LOR) to physical shareholders, as per the schedule specified under the Companies (Further Issue of Shares) Regulations, 2020.

The aforementioned information was disseminated through a notification to Exchange.

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