Karachi: Century Insurance Company Limited has finalized the dispatch of physical Letters of Right and credit of unpaid rights to its shareholders, the company announced in a notice to its stakeholders. On October 14, 2026, the firm credited unpaid right entitlements for a rights issue consisting of 44,814,452 ordinary shares, each priced at PKR 10 per share. The rights were issued in a ratio of 81 right shares for every 100 ordinary shares held. This credit was made in book-entry form into the Central Depository System (CDS) accounts of shareholders listed in the register of members as of the close of business on October 12, 2026. The physical Letters of Right will be dispatched on October 16, 2026, to shareholders with physical shares.

Trading of the unpaid rights on the Pakistan Stock Exchange (PSX) commenced on October 15, 2026, and is scheduled to continue until October 29, 2026. Shareholders have until October 20, 2026, to split their physical Letters of Right and deposit them into the CDS. The deadline for acceptance and payment is set for November 05, 2026. Allotment and credit of the right shares are expected to occur by November 20, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the trading window for these rights provides an opportunity for shareholders to engage in the market before the scheduled deadlines. Shareholders who hold CDC accounts are advised to obtain the Right Subscription Form from their respective Participants (brokers) or through CDC Investor Account Services, and submit it with payment at any Habib Bank Limited branch. For those holding physical shares, the Letter of Right must be submitted intact with Form "A" and, if applicable, Forms "R" or "RR" for renunciation, along with the payment.

Payments can be made via cash, crossed cheque, demand draft, or pay order, payable to the designated account "[CICLRIGHTSUBACC]". It is imperative that payments are received by November 05, 2026, as any delays will result in the offer being declined.