The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Subject: Material Information (Determination of Entitlement Date and Book Closure)Dear Sir,
In continuation of the implementation of the Scheme of Compromises, Arrangement and Reconstruction of LSEFSL and DCCL, as sanctioned by the Honorable Lahore High Court, Lahore vide its Order dated October 13th, 2025 in the matter C.O. No. 75382/2025.
The Board of Directors of the Company through resolution by circulation has approved the closure of share transfer books for reduction of the share capital of the Company as per the Scheme as sanctioned by the Honorable Lahore High Court, Lahore.
Accordingly, the Book Closure of the Company for the purpose of determining this entitlement shall be observed on Saturday, December 13, 2025. All share transfers appearing in the Central Depository System (CDS) or received by the Company's Share Registrar - M/s. F.D. Registrar Services (Pvt.) Ltd., Office No. 1705, 17th Floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi - by the close of business on Friday, December 12, 2025, will be considered in time for the determination of entitlement under the approved Scheme.
Share Capital of the Companies shall be changed as follows: Before Scheme | LSEFSL | DCCL | |
Authorized share capital | Nos. | 111,900,000 | 60,000,000 |
Issued, subscribed and paid-up share capital | Nos. | 35,677,578 | 52,266,777 |
After Scheme | |||
Authorized share capital | Nos. | 42,900,000 | 129,000,000 |
Issued, subscribed and paid-up share capital | Nos. | 27,000,000 | 40,000,000 |
Capital Reduction | % | 24.32% | 23.47% |
LSEFSL = LSE Financial Services Limited DCCL = Digital Custodian Limited
Outstanding (issued) shares of LSEFSL will be reduced to 27,000,000. The ex-price of LSEFSL will be revised upward due to the reduction as per the following formula
(Closing price on December 12, 2025) x (35,677,578/27,000,000) = Opening Price of LSEFSL on Monday 15, 2025You are kindly requested to inform all TRE Certificate Holders of the Exchange accordingly.
For and on behalf of
LSE Financial Services LimitedCompany Secretary
Copy to:
Executive Director / HOD, Offsite-II Department, Supervision Division, Securities and Exchange Commission of Pakistan, NIC Building, Blue Area, Islamabad
M/s. F.D. Registrar Services (Pvt.) Ltd.
Central Depository Company of Pakistan Limited 4.