Ghani ChemWorld authorized disposal of rights entitlement arising from GCIL’s rights issue

Share Buyback

The board authorized Ghani ChemWorld to dispose of its full entitlement of Letters of Rights in the open market. The entitlement arose from Ghani Chemical Industries Limited’s rights issue of Class B Tracking Shares, in respect of ordinary shares held by Ghani ChemWorld at the entitlement date. Disposal remains subject to shareholder approval at the October 27, 2026 AGM; the earlier approval for disposing of GCIL ordinary shares remains unchanged, and the PKR 30 minimum price does not apply to the Letters of Rights.

Key Findings

The board approved disposal through the PSX open market of the company’s entire Letters of Rights entitlement.
The entitlement relates to GCIL’s rights issue of Class B Tracking Shares and the GCIL ordinary shares held by Ghani ChemWorld on the entitlement date.
Shareholder approval is required at the AGM scheduled for October 27, 2026.
The previously approved disposal of GCIL ordinary shares remains unchanged; the PKR 30 minimum price does not apply to disposal of the Letters of Rights.

Corporate Action Details

Action

Disposal of entire Letters of Rights entitlement through open market

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Ghani ChemWorld authorized disposal of rights entitlement arising from GCIL’s rights issue

Key Findings

Corporate Action Details

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