JS Bank shareholders approve conversion of Rs3.5bn TFCs into common shares

MG News | April 01, 2024 at 12:05 PM GMT+05:00

0:00

April 01, 2024 (MLN): The shareholders of JS Bank Limited (PSX: JSBL) have approved the conversion of Term Finance Certificates, issued on August 31, 2023, of Rs3.5 billion into common shares, bank’s filing on PSX revealed today.

The aforesaid resolution is subject to direction by the State Bank of Pakistan (SBP) on the occurrence of a point of non-viability in compliance with the 'Instructions for Basel III Implementation in Pakistan' issued by SBP.

The maximum number of shares in this case is to be 924.772 million, or any other number as may be agreed upon in consultation with the central bank.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	0.00 0.00	-390.00 -0.33%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	0.00 0.00	0.30 0.44%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%