Thatta Cement moves forward with stock split to improve market liquidity

May 02, 2025 (MLN): Thatta Cement Company Limited (PSX: THCCL) is preparing to implement a stock split, reducing the face value of its ordinary shares from Rs10 to Rs2 per share.

The Board of Directors has approved the proposal through a resolution, which will be presented to shareholders for final approval at an Extraordinary General Meeting (EOGM) on May 29, 2025, at Beach Luxury Hotel, Karachi.

The stock split, structured in a five-for-one ratio, is expected to make Thatta Cement’s shares more accessible to small and retail investors, broadening the investor base and improving market liquidity.

Upon approval, the company's subscribed and paid-up capital, currently at 99.7 million shares, will expand to nearly 499 million shares.

The share transfer books will remain closed from May 22 to May 29, with eligible shareholders receiving their additional shares following the completion of the corporate action.

The primary objective of the stock split is to make the Company's shares more accessible and affordable for small and retail investors, thereby broadening the investor base.

The move is also expected to enhance market liquidity through increased trading volumes.

Furthermore, this decision signifies the Company's confidence in its long-term growth trajectory, supported by a notable rise in its share price over the past year.

Overall, the initiative aims to encourage greater investor participation and reinforce Thatta Cement's presence in the equity market.

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