- September 22, 2026
- Posted by: Tresmark
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Tariq Corporation Limited has approved the conversion of 14.445 million preference shares into 7.2225 million ordinary shares, according to a notice issued to the Pakistan Stock Exchange (PSX).
The company’s Board of Directors approved the conversion through a resolution passed on September 22, 2026. The board also approved the payment of accumulated dividends on the preference shares, with payment scheduled for September 30, 2026.
Under the approved arrangement, 14,445,000 preference shares held by various preference shareholders will be converted into 7,222,500 ordinary shares. The conversion will be carried out in accordance with the terms governing the preference shares.
Following the issuance of the new ordinary shares, Tariq Corporation’s paid-up share capital will increase from 82 million ordinary shares to 89.2225 million ordinary shares.
The company also announced that its share transfer books will remain closed from September 30 to October 30, 2026 to determine eligibility for the accumulated dividend payment and to process the conversion of preference shares into ordinary shares.
Transfers received by the company’s Share Registrar by the close of business on September 29, 2026 will be considered for determining entitlement. The entitlement and conversion date has been set for September 30, 2026.
