Karachi: East West Insurance Co., Ltd has announced the dispatch of intimation letters regarding the credit of unpaid rights into the Central Depository System (CDS), as well as the distribution of physical letter of rights to shareholders. The company has ensured that these letters were sent to the registered addresses of shareholders as of December 4, 2024, in compliance with listing regulations.

The dispatch was completed through the company's Share Registrar in Karachi. Shareholders holding shares in physical form have been informed through the dispatch of these letters. The notices have been published in several leading newspapers, including The Nation Karachi, Daily Ausaf Karachi, and Balochistan Express Quetta, on December 4, 2024, to ensure widespread communication of the rights offer.

According to information available from the Pakistan Stock Exchange (PSX), this action aligns with regulatory requirements for publicly listed companies to inform their shareholders about rights issuance. The company has circulated these notices to ensure all shareholders are adequately informed about their rights.

The initiative is part of East West Insurance Co.'s effort to maintain transparency and compliance with financial regulations, ensuring that all stakeholders are kept informed of their entitlements under the rights offer.