Intermarket Securities proposes share subdivision, reducing face value to Rs1
MG News | March 11, 2025 at 01:30 PM GMT+05:00
March 11, 2025 (MLN): The board of directors of Intermarket Securities Limited (PSX: IMS) has proposed a subdivision of the company's shares, reducing the face value from Rs10 to Rs1 per share.
This initiative aims to enhance market liquidity, improve investor accessibility, and align IMS's stock price with broader market participation, the company's filing on PSX revealed today.
As a result, the company's issued, subscribed, and paid-up share capital will be restructured from 128 million ordinary shares of Rs10 each to 1.28 billion ordinary shares of Rs1 each, without any change in the total paid-up capital
Shareholders will receive 10 ordinary shares of Rs1 each for every one ordinary share of Rs10 held as of the effective date, subject to regulatory approvals.
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