GGL shareholders greenlight Rs200m increase in authorized capital

MG News | March 04, 2024 at 04:36 PM GMT+05:00

0:00

March 04, 2024 (MLN): The shareholders of Ghani Global Holdings Limited (PSX: GGL) have approved to increase the authorized share capital of GGL from Rs4 billion to Rs4.2bn, the company’s filing on PSX revealed today.

This increase would be through the issuance of Class-B Tracking Shares of Rs10 having such preferential, redemption, conversion, deferred, qualified, special rights, privileges, or conditions as provided in the Articles of Association of the company.

In consequence of the aforesaid increase in the authorized share capital, the existing Clause V of the Memorandum of Association of the company is also updated.

Furthermore, the shareholders have resolved to make adjustments to the Articles of Association accordingly.

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