LSEPL shares approved as collateral for BMC

MG News | July 06, 2023 at 11:17 AM GMT+05:00

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July 06, 2023 (MLN): LSE PropTech Limited (PSX: LSEPL) has been granted approval by the PSX towards eligibility of the shares of LSEPL as collateral for the purpose of Base Minimum Capital (BMC), the company’s filing on PSX revealed today.

The aforementioned development is subject to certain proposed amendments to PSX Regulations in relation to various matters particularly to Schedule-1 to Chapter 19 of the PSX Rule.

LSE Financial Services Limited (LSE-FSL) has been demerged into two, LSE Proptech Limited (PSX: LSEPL) and LSE Ventures Limited (LSEVL).

“Pursuant to the above, PSX is proposing consequential amendments to Schedule-1 to Chapter 19 of PSX Rule Book, to provide the shares of surviving entities of LSE which is the successor-in-interest of the surviving entity of LSE be accepted collateral for the purpose of BMC,” the notice issued by PSX on July 4, reads.

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