Pace issues 34.43 million shares under employee option scheme
Company’s paid-up capital rises to 484.45 million shares after allotment to eligible employees and executive directors
Pace (Pakistan) Limited has issued 34,429,210 shares to eligible employees, including executive directors, under its Employees Share Option Scheme 2025.
In a notice to the Pakistan Stock Exchange on Tuesday, the company said the shares were allotted through the Central Depository Company after employees exercised their options under the second issue of the scheme.
Following the allotment, Pace’s paid-up capital increased from 450,021,219 shares to 484,450,429 shares.
The shares were issued without a rights offer under Sections 83 and 83A of the Companies Act, 2017, after completion of the required corporate, legal and regulatory formalities.
The company said the shares were credited to the respective Central Depository Company sub-accounts of entitled employees at the end of July 13, 2026.
The closing market price of Pace shares on said date was Rs11.23 per share.
The Central Depository Company confirmed the credit of 34,429,210 securities into the relevant accounts and recorded the company’s revised paid-up capital at 484,450,429 shares.
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