Karachi: Trading in the unpaid rights of Oilboy Energy Limited is set to commence on the Pakistan Stock Exchange (PSX) following the approval of the issuance schedule by the Pakistan Stock Exchange Limited. This development, announced through notice no. PSX/N - 282 dated March 17, 2025, marks a significant step for the energy company as it moves forward with its rights issue.

The trading of these unpaid rights will begin on Thursday, March 27, 2025, with the settlement date scheduled for Friday, April 4, 2025. The Central Depository Company of Pakistan Limited has declared the unpaid rights as eligible security, ensuring that all related transactions will be facilitated through the National Clearing Company of Pakistan Limited.

According to information available from the Pakistan Stock Exchange (PSX), the company has been assigned the security symbol "OBOYR2" for these transactions. The designated market category for this trading activity is the PSX, where the rights will be handled in compliance with the established protocol for securities.

This move is part of Oilboy Energy Limited's broader strategy to secure additional capital through the issuance of right shares, thereby providing existing shareholders with the opportunity to purchase additional shares at a predetermined price before the company offers them to the public.