GGL announces 15% bonus share from revenue reserves

December 16, 2021 (MLN): The shareholders of Ghani Global Holdings Limited in the annual general meeting held on October 23, 2021, have passed the special resolution to issue 15% bonus shares out of capital/revenue reserves of the company, the notice issued to PSX showed today.

The company’s shareholders resolved that Rs419,904,652 be capitalized out of capital/revenue reserve of GGL and applied towards an issue of 41,990,465 ordinary shares of Rs10 each to be allotted as fully paid bonus shares in the proportion of fifteen ordinary shares for every hundred ordinary shares (15% bonus shares) held by the members of the company whose names appear on the members' register at the close of business on October 14, 2021.

It was further resolved that a sum of Rs254,487,668 be capitalized out of capital/revenue reserve of the company and applied towards the issue of 25,448,767 shares of Rs10 each for allotment as fully paid bonus shares in the proportion of ten ordinary shares for every hundred ordinary shares (10% bonus shares) already allotted to the members of the company on February 10, 2021.

The above bonus shares when issue shall rank pari passu in all respects with the existing ordinary shares of the company.

Meanwhile, the shareholders also resolved the allocation of 2,799,364 ordinary shares of the company for allotment to the employees of its subsidiary companies at the rate of Rs30 per share (with a premium of Rs. 20/- per share) under Employees Stock Option Scheme (ESOS), the notice read.

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