Karachi November 11 2022: Pakistan Stock Exchange Limited is pleased to notify the listing of Ghani Chemical Industries Limited (GCIL) with effect from Monday, November 14, 2022.
The Opening Price of the shares of the Company will be PKR 37.55/- per share, as determined by the Auditors of GCIL which has already been disseminated through PUCARS on October 20, 2022.
The Company is being listed on the Exchange pursuant to the Scheme of Arrangement for merger / amalgamation of G3 Technologies Limited (GTECH) with and into Ghani Chemical Industries Limited sanctioned by the Lahore High Court vide Order dated October 11, 2022.
As per the swap ratio disclosed in the Scheme, the shareholders of GTECH will be allotted 0.3 share of GCIL against 1 share of GTECH. The Audited Accounts for the year ended June 30, 2022 and the 1st Quarter Accounts for the period ended September 30, 2022 of GCIL have been disseminated through PUCARS on November 02, 2022.
Trading in the shares of the Company will commence on the Exchange’s Main Board from Monday, November 14, 2022 and shall be settled on T+2 basis. The first settlement date will be Wednesday, November 16, 2022. The Market Lot of the Company will be 500 shares of Rs.10/- each.
The shares of the Company have already been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL). NCCPL has assigned “GCIL” to the Company as their Company Code / Security Symbol.
