Karachi: All market participants are hereby informed of a significant development in the Pakistan Stock Exchange (PSX) as the trading in the unpaid rights of The Organic Meat Company Limited is set to commence on January 12th, 2025. This move comes after the Pakistan Stock Exchange Limited approved the schedule for the issue of Right Shares for the company, as per notice no. PSX/N – 136 dated January 31st, 2025. The settlement date for these transactions is scheduled for January 14th, 2025.
The unpaid rights have been declared eligible securities by the Central Depository Company of Pakistan Limited (CDC), ensuring a smooth transaction process. According to information available from the Pakistan Stock Exchange (PSX), these transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL), which has already assigned the Company Code/Security Symbol as “TOMCLR” for The Organic Meat Company Limited.
This development is a critical step in the company’s financial strategy, offering existing shareholders the opportunity to increase their investment. The trading of unpaid rights is expected to generate significant interest in the designated market category, providing an avenue for potential investors to partake in the growth prospects of The Organic Meat Company Limited.