Gatron to cancel G&T shares, issue new ones

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	135,939.87 307.74M	-0.41% -562.67
ALLSHR	84,600.38 877.08M	-0.56% -479.52
KSE30	41,373.68 101.15M	-0.43% -178.94
KMI30	191,069.98 82.45M	-1.17% -2260.79
KMIALLSHR	55,738.07 422.01M	-1.03% -577.24
BKTi	38,489.75 45.79M	-0.02% -8.33
OGTi	27,788.15 6.87M	-1.24% -350.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,920.00	120,695.00 116,090.00	-3315.00 -2.76%
BRENT CRUDE	68.77	69.41 68.60	-0.44 -0.64%
RICHARDS BAY COAL MONTHLY	96.50	96.50 96.50	0.50 0.52%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.25	-2.05 -1.92%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.63	67.13 66.22	-0.35 -0.52%
SUGAR #11 WORLD	16.56	16.61 16.25	0.26 1.60%