Gatron to cancel G&T shares, issue new ones

By MG News | April 21, 2025 at 01:15 PM GMT+05:00

0:00

April 21, 2025 (MLN): The Board of Directors of Gatron (Industries) Limited (PSX: GATI) has resolved to move forward with a key step in its ongoing restructuring efforts under the proposed scheme of arrangement with Nova Frontiers Limited and Gani & Tayub (Private) Limited (G&T).

Through a Resolution by Circulation dated April 21, 2025, and in continuation of its earlier approval on February 10, 2025, the Board has authorised the cancellation of G&T’s 2.98% shareholding in the Company, amounting to 3,240,774 shares.

In place of this, new shares will be issued directly to the shareholders of G&T.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	133,403.19 324.46M	0.02% 33.04
ALLSHR	83,188.05 1,204.34M	0.13% 106.90
KSE30	40,651.46 104.88M	-0.13% -53.85
KMI30	192,083.92 123.92M	-0.26% -496.76
KMIALLSHR	55,847.70 679.22M	0.02% 11.98
BKTi	36,422.88 17.65M	0.29% 105.71
OGTi	28,437.61 10.77M	-0.37% -105.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,345.00	109,460.00 107,680.00	890.00 0.82%
BRENT CRUDE	69.59	69.62 69.03	0.01 0.01%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.00	0.00 0.00	-0.15 -0.14%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.84	67.97 67.33	-0.09 -0.13%
SUGAR #11 WORLD	16.24	16.37 16.16	-0.04 -0.25%