Azgard Nine makes first markup instalment on overdue preference shares
Company says payment was made to preference shareholders holding more than 2,500 outstanding or overdue preference shares under approved settlement plan
Azgard Nine Limited has informed the Pakistan Stock Exchange (PSX) that it has made the first instalment of outstanding markup payable to certain preference shareholders under its approved settlement plan.
In a notice sent to PSX on Wednesday, the company said the payment relates to preference shareholders holding more than 2,500 outstanding or overdue preference shares. The instalment was due on June 30, 2026 and has now been made.
The company referred to the settlement plan for outstanding and overdue preference shares of Azgard Nine Limited, which was approved by preference shareholders on January 18, 2024.
The approval of the settlement plan was earlier intimated to the Pakistan Stock Exchange on January 19, 2024.
According to the notice, the payment has been made in accordance with the approved settlement plan.
The company did not disclose the total amount paid under the first instalment or the number of preference shareholders covered by the payment in the notice.
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