ZALZarea LtdView ZAL share price and chartMixed Signal
Zarea Limited approves PKR 3 billion rights issue at PKR 25 per share
Rights / BonusZarea Limited's board approved an issue of 120 million ordinary shares at PKR 25 each, in the ratio of 16 rights shares for every 35 ordinary shares held (approximately 45.71%). The issue is intended to raise PKR 3 billion, principally to repay PKR 2 billion of privately placed short-term Sukuk and support working capital. Entitlement and book-closure dates will be announced after offer documents are finalized.
Payout
- 45.71% right shares
Key Findings
- The rights issue comprises 120,000,000 ordinary shares with a face value of PKR 1 each, offered at PKR 25 per share, including a PKR 24 premium.
- Eligible shareholders are entitled to approximately 16 new shares for every 35 shares held, equivalent to approximately 45.71% of existing issued capital.
- Gross proceeds of PKR 3 billion are allocated principally to Sukuk principal repayment (PKR 2 billion) and working-capital support (PKR 951.5 million); estimated issue expenses are PKR 48.5 million.
- The company states that entitlement, book-closure, rights-trading, subscription and allotment dates will be announced after finalization of the offer documents.
- The proposed funding addresses financing needs but entails dilution for shareholders who do not participate. The offer price is stated to be approximately 29.30% below the PKR 35.36 reference market price on October 23, 2026.
Corporate Action Details
Action
Rights issue of 120 million shares at PKR 25 each; entitlement approximately 16 shares for every 35 held (45.71%).
Ratio
16 right shares for every 35 ordinary shares
Percentage
45.71%
Issue price
PKR 25 / 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.
