Karachi May 23 2025: System Limited announced to temporarily suspend trading in its shares as a result of Book Closure announced by the company for the date May 31, 2025, a Single Day Book Closure, to give effect to the change in the face value of SYS shares from PKR 10/- to PKR 2/-.
Therefore, trading in the shares of Systems Limited in Ready Market will be suspended from Thursday, May 29, 2025 till Friday, May 30, 2025. Moreover, since SYS is also a DFC eligible security, therefore all the existing contracts of SYS i.e. SYS MAYB, SYS-JUNB and SYS-JUL shall be pre-matured on Tuesday, May 27, 2025 with settlement on Friday, May 30, 2025(Please note that Wednesday, May 28,2025 is declared as public holiday by Government of Pakistan). New future contracts which include 30,60 and 90-days i.e. SYS-JUNB, SYS-JULB and SYS-AUG contracts shall be made available for trading w.e.f Monday, June 02, 2025.
Further to note that, trading in the shares of Systems Limited in Ready Market and Future Market shall be resumed from Monday, June 02, 2025, subject to fulfillment of all relevant requirements by the Company.
The opening price on resumption of trading in the shares of SYS will be one fifth of the closing price of shares on the last day of its trading in Ready Market i.e. Tuesday, May 27, 2025. The total number of shares of SYS will be increased from 293,116,150 shares to 1,465,580,750 shares, however, the paid-up capital of the Company will remain unchanged.
