LSE Financial Services confirms full subscription of 159 million right shares
Rights / BonusLSE Financial Services Limited reported that all 159,000,000 right shares were fully subscribed, raising PKR 159,000,000. The company requested NOCs for release of the subscription funds; the auditor certified receipt of the full amount and stated that paid-up capital after the issue is PKR 429 million.
Key Findings
- All 159,000,000 right shares, at a par value of PKR 1 each, were fully subscribed.
- The auditor certified receipt of PKR 159,000,000: PKR 45,155,847 from directors and substantial shareholders, PKR 68,149,539 through a designated bank account, and PKR 45,694,614 through CDC online payments.
- Paid-up capital increased from PKR 270 million to PKR 429 million after the rights issue.
- LSE Financial Services requested NOCs in favour of MCB Bank Limited and Central Depository Company of Pakistan Limited for release of the subscription money.
Corporate Action Details
Action
Rights issue of 159,000,000 shares at PKR 1 each; fully subscribed
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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.
