MG Morning Breeze: Updates to Skim before Market

Supernet Technologies Limited (PSX: STL) is set to offer 91,476,554 ordinary shares priced at Rs10 each through a rights issue, according to Mettis Global's Morning Breeze. The company's Board of Directors approved the plan on July 15, 2026. The offer is structured as an 85% right issue, giving existing holders an entitlement of 0.85 right share for every ordinary share they hold.

The company has fixed August 19 as the date on which trading in these right shares will launch. Supernet is listed on the Pakistan Stock Exchange, and the offer is made to its existing shareholders. The item comes from a morning digest that gathers the previous day's corporate and market updates. Other items in the same digest, including market data, are not covered in this brief.