Lucky Cement to suspend trading for face value adjustment

MG News | April 15, 2025 at 02:20 PM GMT+05:00

0:00

April 15, 2025 (MLN): Lucky Cement Limited (PSX: LUCK) will suspend trading in its shares in the Ready Market from April 21, 2025, to April 25, 2025, according to the notification issued by PSX.

The suspension is to give effect to the change in the face value of its shares from Rs10/- to Rs2/-, as per the company's letter dated March 24, 2025.

As LUCK is also a Deliverable Futures Contract (DFC) eligible security, all existing futures contracts LUCK-APR, LUCK-MAY, and LUCK-JUN will be force closed on Tuesday, April 15, 2025, with settlement scheduled for Thursday, April 17, 2025.

New futures contracts, including 30, 60, and 90-day contracts (LUCK-MAY, LUCK-JUN, and LUCK-JUL), will be available for trading from Monday, April 28, 2025.

Trading in Lucky Cement shares in both Ready and Future Markets will resume on Monday, April 28, 2025, subject to the company fulfilling all relevant requirements.

Upon resumption, the opening price will be one fifth of the closing price on the last trading day, Friday, April 18, 2025.

The total number of LUCK shares will increase from 293 million to 1.46 billion while the company's paid-up capital will remain unchanged.

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