Avanceon enhances paid-up capital by issuing 2.19 million ESOS shares

Corporate Action

Avanceon Limited informed PSX that its paid-up capital increased from 427,475,456 to 429,667,346 shares after CDC allotted 2,191,890 shares to eligible employees under ESOS-2022 (5th issue). The shares were issued without right offer under Section 83A and credited on 22 May 2026.

Key Findings

2,191,890 shares were allotted under ESOS-2022 (5th issue) to eligible employees.
Paid-up capital increased from 427,475,456 to 429,667,346 shares.
The issuance was made without right offer under Section 83A of the Companies Act, 2017.
CDC credited the shares to employees' accounts on 22 May 2026.
The closing market price on the credit date was Rs. 34.01 per share.

Corporate Action Details

Action

Employee Share Option Issue

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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.

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Avanceon enhances paid-up capital by issuing 2.19 million ESOS shares

Key Findings

Corporate Action Details

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