Karachi: Premier Insurance Limited has announced the crediting of unpaid right shares into the Central Depository System (CDS) accounts of its shareholders. The move comes as part of a right issue involving 20,226,042 ordinary shares, each priced at PKR 10. The shares were allocated in a 40-for-100 ratio to shareholders listed in the company's register as of the close of business on October 26, 2026.

The distribution of physical Letters of Right commenced on October 30, 2026, for shareholders holding physical shares. Trading of these unpaid right shares on the Pakistan Stock Exchange (PSX) began on October 29, 2026, and will continue until November 12, 2026.

The last date for splitting physical Letters of Right and their deposit into CDS was set for November 02, 2026. Shareholders are required to complete the acceptance and payment by November 19, 2026. According to information available from the Pakistan Stock Exchange (PSX), the market has shown a moderate move in response to the announcement.

Premier Insurance has outlined a clear subscription process for both CDC account holders and physical shareholders. CDC account holders are advised to secure the right subscription form from their broker or CDC Investor Account Services and submit it with payment at any branch of JS Bank Limited. Physical shareholders must submit the intact Letter of Right, accompanied by FORM A and FORM "R" or "RR" for renunciation, along with payment at any JS Bank Limited branch.

Various payment methods are accepted, including cash, crossed cheque, demand draft, or pay order, all made payable to "PREMIER INSURANCE LIMITED-RIGHT SHARES SUBSCRIPTION." Payments not received by the November 19, 2026, deadline will be regarded as declined.

The allotment and crediting of the right shares are scheduled for completion on December 03, 2026, as Premier Insurance continues to streamline its operations and shareholder engagement.