LSE Capital Limited Approves Stock Split

LSE Capital Limited declared on Monday that it has sanctioned a stock split, altering the share value from Rs10 to Rs5.

The company communicated this decision in a notification submitted to the Pakistan Stock Exchange (PSX) earlier today.

“Approval is hereby granted for the division of LSE Ventures Limited’s authorized capital from Rs3,000,000,000/-, previously consisting of 300,000,000 ordinary shares valued at Rs10.00 each, into Rs3,000,000,000/-, now comprising 600,000,000 ordinary shares at Rs5.00 each.”

“The company’s Board of Directors is authorized to set the entitlement and book closure dates necessary to implement the stock split,” the statement further noted.

LSE Capital possesses a license as a Modaraba Management company and is also authorized to serve as a consultant for IPOs and provide corporate finance advisory services.