Karachi: Habib Metropolitan Bank Limited has issued a notification to members of the Pakistan Stock Exchange (PSX) concerning the potential issuance of duplicate share certificates, pending the absence of objections within a seven-day period.
The notice, part of a standard procedure when original share certificates are lost, misplaced, or otherwise compromised, serves as a precautionary measure to safeguard shareholders' interests and the integrity of market transactions. According to information available from the Pakistan Stock Exchange (PSX), this announcement is critical in maintaining transparency and trust within the trading community by preventing unauthorized dealings.
Habib Metropolitan Bank Limited has stipulated that if no objections are received from any party within seven days following the notice's distribution, the bank will proceed with issuing duplicate certificates to the affected shareholder. This ensures that the rightful owner retains access to their shares without disruption to their financial activities.