WAVESAPP reaffirms compliance for rights issue

According to Mettis Global, Waves Home Appliances Limited (PSX: WAVESAPP) has restated that it complies with CDC and PSX rights procedures. The company said the unpaid amount for shares held electronically will be paid within the window allowed by CPC procedures and exchange rules. The confirmation follows a rights announcement dated 23 July 2026 and a final offer document issued on 18 August 2026.

The Central Depository Company has added an online payment option through 1Link for rights subscriptions. Investors can use the 1 Bill Payment ID shown on their Right Subscription Request to pay via internet banking, ATMs or mobile banking at 1Link member banks. Alternatively, the unpaid letter can be settled with a pay order, demand draft, crossed cheque or cash, drawn in favour of the company's rights issue subscription account and payable at any Bank Makramah Limited branch.

Physical shareholders may renounce their Letter of Right by depositing it into their own CDS account or sub-account, or passing it to a CDC investor or sub-account holder. Renouncees and physical holders who provide account details can receive rights shares as book entries. The company has also requested approval of the LOI and LOR for physical holders, on the schedule set by the Companies (Further Issue of Shares) Regulations, 2020.