The Pakistan Stock Exchange (PSX) has announced the listing of UDL International Limited (UDLI), effective from Wednesday, July 10, 2024.
This listing follows the merger and amalgamation of First UDL Modaraba (FUDLM) into UDLI, as sanctioned by the Sindh High Court on November 02, 2023.
Under the terms of the merger, certificate holders of FUDLM have been allotted one share of UDLI for each certificate of FUDLM they held.
Trading in UDLI shares will commence on the PSX Main Board on July 10, 2024, with settlement on a T+2 basis. The first settlement date is set for Friday, July 12, 2024. The market lot for the company will consist of one share priced at Rs.10 each
The shares have been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC), and all transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL). UDLI has been assigned the company code/security symbol “UDLI” by NCCPL.
The opening price for UDLI shares will be PKR 8 per share, matching the closing price of FUDLM shares at the time of suspension of trading, which was disseminated via PUCARS on July 5, 2024.
The share registrar for UDLI is M/s CDC Share Registrar Services Limited, located at CDC House, 99-B S.M.C.H.S, Main Shahrah Faisal, Karachi. They can be contacted at 0800-23275.
UDLI will be quoted in the “Miscellaneous” sector in the daily quotations of the exchange.
