Business
Avanceon : Enhancement of Paid-up Capital - Issuance of shares under Employees Share Option Scheme 2022
Avanceon : Enhancement of Paid-up Capital - Issuance of shares under Employees Share Option Scheme
About this update from Avanceon Ltd.
[{"type":"text","content":"\n \n Regional Operations Centre The Avanceon Building\n 19 km Main Multan Road Lahore 54660 Pakistan\n \n \n \n 25 May 2026 AVN/PSX/25052026\n \n \n \n The General Manager\n \n \n Pakistan Stock Exchange Limited Stock Exchange Building\n \n \n Stock Exchange Road Karachi.\n \n \n \n Subject: Enhancement of Paid-up Capital - Issuance of shares under Employees Share Option Scheme 2022.\n Dear Sir,\n \n \n \n We would like to inform you that the Paid-up Capital of the company has been enhanced from 427,475,456 to 429,667,346 shares after CDC allotment of 2,191,890 shares to all eligible employees who have exercised their share option under Employee Share Option Scheme as per below details:\n \n ESOS Scheme\n \n \n No. of Shares Issued\n \n \n ESOS-2022 - 5th Issue\n \n \n 2,191,890\n \n Without right offer under Section 83A of the Companies Act, 2017 duly approved by the Commission/Registrar vide letter 09 February 2022.\n \n \n \n The closing market price for the aforementioned shares at the date of credit of shares into the respective CDC sub accounts of the entitled employees, i.e. Friday, 22 May 2026 was Rs. 34.01/- per share (Closing Market Price).\n \n \n Yours Sincerely,\n \n \n \n Faisal Nadeem Sheikh | Company Secretary CC: The Chief Executive Officer\n \n \n National Clearing Company of Pakistan Limited 8th Floor, Stock Exchange Building,\n \n \n Stock Exchange Road, Karachi.\n www.avanceon.ae | Enquiries: [email protected]\n May 25, 2026 OPS/CA/RU070\n Mr. Ahsan Khalil ChiefExecutive Officer Avanceon Limited\n 19-KM, Multan Road, Lahore.\n CENTRAL DEPOSITORY COMPANY OF PAKISYAN LIMITED\n Head Office:\n CDC Flouse, 99-B, Block'B' S.M.C.H.S., Main Shahra-e-Faisal Karachi - 74400, Pakistan.\n Tel : (92-21) 111-111-500\n Fax: (92-21) 34326034\n \n \n URL: https://www.cdcpakistan.com\n Email: infoé›cdcpak.com\n SGS\n Dear Sir,\n Credit of Securities into CDS - Avanceon Limited - Further Issue (Without Rieht Offer)\n This is with reference to your confirmation letter along with auditor certificate regarding allotment of 2,191,890 securities of \"Avanceon Limited\" in the name of Central Depository Company of Pakistan Limited. We are pleased to inform you that the right securities of \"Avanceon Limited\" have been credited into respective accounts in the Central Depository System at end of day ofMay 22, 2026.\n According to ...