Karachi: Shareholders of GlaxoSmithKline Pakistan Limited have been informed of a declared interim cash dividend of 70%, equivalent to Rs. 7.00 per share, for the half-year ending June 30, 2026. This announcement follows a decision made by the Board of Directors during their meeting on August 25, 2026. The company has outlined the closure of its Share Transfer Books from September 3 to September 4, 2026, both days inclusive, to facilitate this process.

In a notice adhering to regulation No. 5.6.9 (b) of the Pakistan Stock Exchange Rule Book, GlaxoSmithKline Pakistan Limited has provided copies of the Interim Cash Dividend and Share Book Closure Notice in both English and Urdu. The company has emphasized the importance of timely share transfers, stating that transfers received by the close of business on September 2, 2026, at the office of the Share Registrar M/s. CDC Share Registrar Services Limited in Karachi, will be eligible for the dividend entitlement.

According to information available from the Pakistan Stock Exchange (PSX), the payment of the cash dividend will be conducted electronically. This follows the provisions of Sections 242 and 243 of the Companies Act, 2017, which mandate that listed companies distribute cash dividends directly into the designated bank accounts of shareholders. Shareholders have been advised to submit their bank account details, including the International Bank Account Number (IBAN), via a Bank Mandate Form to ensure receipt of their dividends.

Withholding tax on the dividend amount will be deducted at a rate of 15% for tax filers and 30% for non-filers. Shareholders are advised to ensure their names appear on the Active Tax-payers List provided by the Federal Board of Revenue to qualify for the reduced tax rate. Additionally, joint shareholders must communicate their shareholding proportions to avoid default equal treatment.

The company has also highlighted the availability of withholding tax exemptions, provided a valid tax exemption certificate is submitted to the CDC Share Registrar Office. Furthermore, the Central Depository Company of Pakistan Limited has introduced a Centralized Cash Dividend Register (CCDR), an e-Services web portal designed to help shareholders access detailed records of their cash dividends, enhancing transparency and record-keeping.

The interim cash dividend announcement, along with the procedural details outlined for shareholders, underscores the company's commitment to compliance and efficient financial operations.