Karachi: Haleon Pakistan Limited has issued a reminder to its shareholders to convert their physical shares into book-entry form and to claim any outstanding dividends or share certificates. This action aligns with regulatory requirements set forth by the Securities and Exchange Commission of Pakistan (SECP) and the Companies Act, 2017.

On March 26, 2021, the SECP mandated that all listed companies comply with section 72 of the Companies Act, 2017, which necessitates the replacement of physical shares with book-entry form shares within four years from the Act's promulgation. Haleon Pakistan Limited has urged its shareholders holding physical folios or share certificates to expedite the conversion process to book-entry form.

According to information available from the Pakistan Stock Exchange (PSX), shareholders can facilitate this conversion by contacting PSX members, Central Depository Company (CDC) Participants, or CDC Investor Account Service Providers. The transition to book-entry form offers several benefits, including secure custody of shares, elimination of duplicate share issuance formalities, and enhanced market liquidity for buying and selling shares.

Furthermore, shareholders with unclaimed or unpaid dividends due to incomplete banking or identification information are encouraged to submit a completed e-dividend mandate form. This form must be accompanied by a cover letter and a legible copy of a valid Computerized National Identity Card (CNIC), which should be sent to the company's Share Registrar.

This initiative by Haleon Pakistan Limited is part of its compliance with section 244 of the Companies Act, 2017, ensuring that shareholders receive due dividends and have their shares maintained in a secure and accessible format.