Supernet fixes August 19 launch for 85% right share trading

Supernet Technologies Limited, a Pakistan Stock Exchange listed company, plans to issue 91,476,554 new ordinary shares, priced at Rs10 each, through an 85% right offer, according to Mettis Global. Each holder can take up 0.85 of a new right share per ordinary share held. The Board of Directors approved the plan on July 15, 2026.

Book closure is set for Monday, August 17, 2026, and unpaid rights are to be placed in CDC accounts on Tuesday, August 18. Trading in unpaid rights on the PSX starts on August 19 and runs through to September 2, 2026. Payments can be made at Meezan Bank Limited branches or through CDC's online facility via 1Link, with the final payment date set at September 9, 2026.

Rights left unclaimed by CDS account holders will lapse, and the Board will decide how they are allotted. Leftover fractions will be pooled and sold on the PSX, and the proceeds returned to entitled holders. New shares are due to be credited into CDC accounts on September 23, 2026, while overseas Pakistanis and foreign holders can forward a demand draft to the company secretary before the September 9 deadline.