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Bonus Shares of Avanceon Limited

Karachi, Avanceon Limited informed Pakistan Stock Exchange that the share certificates in respect of Bonus Shares i.e 20% for the period ended December 31, 2020 announced on May 26, 2021 credited to their respective accounts in the Central Depository System of Central Depository Company of Pakistan Limited on June 17, 2021.

Avanceon Limited was incorporated in Pakistan on 26 March 2003, as a private limited company which was converted to a public company on 31 March 2008. The Company’s principally business is to trade in products of automation and control equipment and to provide related technical services.

In Pakistan they are operating from Lahore, Karachi and Islamabad in manufacturing and other segments which includes Oil and Gas, Power, Infrastructure, Transportation, as well as FMCG.

The Company is listed on Pakistan Stock Exchange Limited, and “AVN” is being used by the Stock Exchange for the shares of the Company.

The number of shares the company has introduced are 256,593,357. The Earnings per shares of the Company is 3.18 in 2020, which was 3.01 in 2019. The profit after taxation in 2020 has increased which is 673,839,000 compare to 653,870,000 in 2019.