SECP approves TPL Trakker’s request to issue 58.3mln shares

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The TPL Corp Limited (company) has disclosed that Securities and Exchange Commission of Pakistan has approved TPL Trakker Limited (TPLT), a wholly-owned subsidiary of TPL Corp,  to issue, circulate and publish the prospectus for the issuance of 58,300,000 ordinary shares with a green shoe option of up to an additional 57,419,500 ordinary shares to the general public at a fixed price of Rs 12 per share (including premium of Rs 2 per share), within 60 days of the approval by the SECP, informed the company in a notice to the Pakistan Stock Exchange on Monday.

The approval is subject to certain special and standard conditions as prescribed by the SECP, the notice further said.

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