Karachi: Adamjee Life Assurance Company Limited has issued an addendum to its previous board resolution, clarifying the treatment of fractional entitlements related to its recent decision to issue interim bonus shares. The board resolution, originally passed on July 04, 2025, outlined a 5% bonus share issuance plan, translating to five additional shares for every 100 shares held by shareholders.

The addendum provides specific instructions for handling cases where the allocation of bonus shares results in fractional entitlements. It resolves that any fractional entitlement, which does not result in an exact multiple of the 5:100 ratio, will be aggregated. The total of these fractional shares will then be sold in the stock market. The proceeds from this sale will be distributed to the entitled shareholders in proportion to their original entitlements.

According to information available from the Pakistan Stock Exchange (PSX), this move comes as part of Adamjee Life Assurance's efforts to streamline the process and ensure equitable treatment of its shareholders. The company's decision to address and resolve fractional entitlements reflects an approach aimed at maintaining transparency and fairness in its dealings.

This development falls under the designated market category of financial services. As Adamjee Life Assurance continues to implement its bonus shares strategy, the company aims to enhance shareholder value and confidence through this structured resolution process.