Presentation for Corporate Briefing Session

Corporate Brief

Strategic/ Operational Developments

• In 2024, LSEFSL achieved another milestone by listing on the PSX in June.
• Deeming the NBFC functions as no more feasible, the shareholders of LSEFSL, via the special resolutions, have decided to give-up the NBFC character of the company in the AGM held on November 27th, 2024 by surrendering the NBFC/IFS License.
• Furthermore, the shareholders have also resolved to change the name of the Company to LSE Enterprises Limited, subject to availability and completion of the required formalities.

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Strategic/ Operational Developments

• As per changes in the MOA, approved by the shareholders, the principal line of business of LSEFSL shall be to invest in shares, bonds, stocks, units of mutual funds or other securities or its related instruments, or otherwise in all types of real assets and in such manner as may from time to time be determined by the Company and to hold, or sale such real assets, shares bonds, stocks, units of mutual funds or any other securities or its related instruments, subject to the compliance with applicable laws.
• An EOGM of LSEFSL is also scheduled to be held on December 28, 2024to consider and approve the Scheme of Compromises, Arrangements and Reconstruction of the share capital and reserves and the transfer of the designated assets and liabilities, responsibilities and functions for the administration of the statutory funds of the following companies involved in the scheme:
• • Digital Custodian Company Limited and its Members, and
  • LSE Financial Services Limited and its Members; and
  • LSE Financial Services Limited (and its Members) and Digital Custodian Company Limited (and its Members)

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Objectives of the Scheme

1. Reorganization, regrouping and repositioning of LSEFSL as a regular public listed company (after the approval of the surrender of the NBFC license by the shareholders of the company during its Annual General Meeting held on November 27, 2024).
2. Reconstitution and reconstruction of the share capital and reserves (capital reserves, revenue reserves and other reserves) of both the companies, i.e. LSEFSL and DCCL.
3. Transfer of the designated liabilities from LSEFSL to DCCL.
4. Distribution of the Designated Assets, i.e. the shares of DCCL and LSE Capital Limited (LSECL) held by LSEFSL to its own shareholders.
5. Distribution of shares of LSEFSL held by DCCL to the shareholders of DCCL.
6. Consequential listing of DCCL at PSX as a result of the distribution of its shares to 2,993 shareholders of LSEFSL, an already listed company.
7. Transfer of the responsibility and the functions of the administration of the statutory funds including the roles and responsibilities related to the secretariat functions of the funds committee (and litigations connected therewith) being performed by LSEFSL to DCCL, an associated operating company of the LSE family, which being a licensed trustee/custodian company already provides independent third party handling and oversight services of the funds of the domestic mutual and REIT funds industries.
8. Continuance of the operations of both the companies (LSEFSL and DCCL) as going concern companies after the Scheme enabling them to continue serving as useful economic and employment agents in society.

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Objectives of the Scheme

1. Shareholders of LSEFSL shall benefit from the distribution of the designated assets held by LSEFSL, i.e. the shares of DCCL and LSECL, both of which shall become freely tradable on PSX.
2. Shareholders of DCCL will get the shares of LSEFSL as per Distribution Ratio.
3. DCCL shareholders shall also benefit because of the company becoming a public listed company as a consequence of the Scheme.
4. LSEFSL shareholders will continue to benefit from the liquidity of its shares as a public listed company, with somewhat broader mandate and possibilities for the expansion of its business either on stand-alone basis or after another Scheme of Arrangement.
5. By becoming an independent listed entity, DCCL will have the opportunity to raise additional funds from its shareholders, if required.
6. DCCL shall become owned by a diversified set of shareholders which will improve its corporate governance and internal control environment.

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Objectives of the Scheme

1. Shareholders of LSEFSL shall benefit from the distribution of the designated assets held by LSEFSL, i.e. the shares of DCCL and LSECL, both of which shall become freely tradable on PSX.
2. Shareholders of DCCL will get the shares of LSEFSL as per Distribution Ratio.
3. DCCL shareholders shall also benefit because of the company becoming a public listed company as a consequence of the Scheme.
4. LSEFSL shareholders will continue to benefit from the liquidity of its shares as a public listed company, with somewhat broader mandate and possibilities for the expansion of its business either on stand-alone basis or after another Scheme of Arrangement.
5. By becoming an independent listed entity, DCCL will have the opportunity to raise additional funds from its shareholders, if required.
6. DCCL shall become owned by a diversified set of shareholders which will improve its corporate governance and internal control environment.

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Snapshot of the Scheme

Entities before and after the Scheme

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Financial Details

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Q/A

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