Tariq Corporation Limited نے 14.4 ملین ترجیحی شیئرز کو 7.2 ملین عام شیئرز میں تبدیل کرنے کا اعلان کر دیا۔ Tariq Corporation Limited announces conversion of 14.4m preference shares into 7.2m ordinary shares.

Tariq Corporation Limited (TCORP) has announced a significant restructuring of its share capital following a resolution passed by its Board of Directors on September 22, 2026.

Key Developments

• Share Conversion: A total of 14,445,000 non-voting convertible preference shares will be converted into 7,222,500 ordinary shares.
• Capital Increase: The company's issued and paid-up share capital will increase from 82,000,000 to 89,222,500 ordinary shares.
• Dividend Payment: The conversion includes the payment of accumulated dividends on preference shares as of September 30, 2026.
• Entitlement Date: The conversion/entitlement date is September 30, 2026.
• Book Closure: The company’s share transfer books will be closed on September 30, 2026. Transfers must be received by the close of business on September 29, 2026, to be eligible.

This conversion is executed in accordance with the terms of the preference shares and remains subject to final review and certification by the company's auditors.