Oct 27, 2026, 3:00 PM
Universal Insurance Company proposes PKR 500 million rights issue
Rights / BonusUniversal Insurance Company Limited submitted a draft offer document for a rights issue comprising 50,000,000 ordinary shares at PKR 10 per share, offered at a ratio of 100 rights shares for every 100 shares held. The document states that the company is not seeking public comments. Trading, payment, and book-closure dates remain blank in the draft.
Key Findings
- The proposed issue is 50,000,000 new ordinary shares, stated as 100% of existing paid-up capital.
- Offer price is PKR 10 per share, for an aggregate issue size of PKR 500,000,000.
- Eligible shareholders are offered 100 rights shares for every 100 shares held.
- The draft offer document was submitted to PSX on October 27, 2026; key subscription and book-closure dates are not provided.
Corporate Action Details
Action
Rights issue
Ratio
100 rights shares for every 100 shares held
Percentage
100%
Amount
PKR 10 / share
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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.