Karachi: The Central Depository Company of Pakistan Limited (CDC) has released the schedule for handling unpaid rights of East West Insurance Company Limited, outlining important dates and procedures for stakeholders. According to the schedule, unpaid rights will be managed through the Central Depository System (CDS) with book closure dates set from November 30 to December 2, 2024, and a right ratio of 15%.

The trading of the unpaid rights, identified by the symbol East West Insurance Company - LoR (IEWICR3) with ISIN PK0027103073, will commence on December 5, 2024, at the Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), key dates include the last date for withdrawal requests on December 10, 2024, and the last date for trading these rights on December 17, 2024.

JS Bank Limited will serve as the banker to the right issue for physical applications, with guidelines for online payments provided separately. The schedule also specifies December 6, 2024, as the deadline for deposit requests, and December 19, 2024, as the final date for pledge requests and movement of securities.

Investors must submit their subscription requests and payments by December 24, 2024, which is also the last date for pledge release and pledge call. The credit of shares against paid rights is tentatively scheduled for December 27, 2024.

Stakeholders are advised to contact CDC's Customer Support Services for any queries regarding the schedule or procedures related to the unpaid rights handling.