PSX announces to list GCIL in Chemical Sector

November 11, 2022 (MLN): The Pakistan Stock Exchange (PSX) announced the listing of Ghani Chemical Industries Limited (GCIL) on Nov 14, 2022 in the chemical sector, notice issued by PSX on Friday showed.

The Company is being listed on the Exchange pursuant to the Scheme of Arrangement for merger of G3 Technologies Limited (GTECH) with and into GCIL sanctioned by the Lahore High Court vide order dated October 11, 2022. 

Furthermore, as per the swap ratio disclosed in the Scheme, the shareholders of GTECH will be allotted 0.3 share of GCIL against 1 share of GTECH.

The Audited Accounts for the year ended June 30, 2022 and the 1st Quarter Accounts for the period ended September 30, 2022 of GCIL have been disseminated through PUCARS on Nov 2, 2022.

The following information is being provided:

1) Trading in the shares of the company will commence on the Exchange’s Main Board from Nov 14, 2022 and shall be settled on T+2 basis. The first settlement date will be Nov 16, 2022.

2) The Market Lot of the company will be 500 shares of Rs10 each.

3) The shares of the company have already been declared an eligible security by the Central Depository Company of Pakistan and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL). 

NCCPL has assigned GCIL to the Company as their Company Code / Security Symbol.

4) The Opening Price of the shares of the Company will be Rs37.55 per share, as determined by the Auditors of GCIL which has already been disseminated through PUCARS on October 20, 2022.

5) The Company will be quoted in the chemical sector in the daily quotation.

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