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PACEPace Pakistan LtdPace (Pakistan) Limited informed PSX that SECP has allowed the company to issue 140,158,326 ordinary shares at a discounted price of Rs. 9.00 per share, aggregating to Rs. 1,261,424,940, pursuant to special resolutions passed by shareholders. The issuance is stated to be against non-cash consideration, including conversion of long-outstanding TFC financial liability and a property under Section 83(1)(b) of the Companies Act, 2017, and is subject to a six-month lock-in period.
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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