Karachi: Premier Insurance Limited has announced the closure of its share transfer books for one day on October 27, 2026, to determine the entitlement of right shares. This announcement follows the company's earlier disclosure on September 24, 2026, regarding the issuance of right shares.

The closure of the books is set to facilitate the distribution of right shares to shareholders, allowing them to receive 40% right shares in proportion to their current holdings, approximately equating to 40 shares for every 100 shares held. The right shares are priced at Rs. 10 per share, representing the face value without any premium.

Transfers that are properly documented and received by the company's share registrar, M/s. FAMCO Share Registration Service (Pvt) Ltd., by the close of business on October 26, 2026, will be eligible for the right share entitlements. The registrar's office is located at 8-F Near Hotel Faran, Nursery, Block-6, P.E.C.H.S., Shahrah-e-Faisal, Karachi.

According to information available from the Pakistan Stock Exchange (PSX), the strategic move by Premier Insurance Limited is aimed at bolstering capital and providing shareholders with an opportunity to increase their stake in the company at an attractive valuation.

Shareholders and potential investors are advised to ensure that all necessary documentation for share transfers is completed before the deadline to participate in the right share distribution.