First Habib Modarba to initiate certificate value change to Rs10 per share

MG News | January 30, 2024 at 02:52 PM GMT+05:00

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January 30, 2024 (MLN): The Board of Directors of Habib Metropolitan Modarba Management Company (Private) Limited, the management company of First Habib Modarba (PSX: FHAM), has passed a resolution dated January 30, 2024, to change the value of FHM's Modarba Certificate from Rs5/- each to Rs10/- each.

This information was disseminated by FHAM through a notice to the local bourse today.

This will be achieved by consolidating two Modarba Certificates into one and convening a meeting of the Modarba Certificate Holders of FHM to seek approval from the Modarba Certificate Holders for the consolidation of the Modarba Certificate.

FHM will accordingly be issuing the notice for the extraordinary general meeting in due course.

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