PINL · Premier Insurance Limited
Declaration of Right Issue
- Filed
- 24 September 2026 at 3:01 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- High
AI executive summary
Premier Insurance Limited has announced a 40% right issue of 20,226,042 ordinary shares at par value of Rs. 10 per share, amounting to Rs. 202.26 million, to meet the Minimum Capital Requirement under the Insurance Rules, 2017.
Key takeaways
- Board resolved to issue 20,226,042 right shares at Rs. 10 each.
- Right proportion is 40 shares for every 100 existing shares held.
- Proceeds will meet the Minimum Capital Requirement under Insurance Rules, 2017 and strengthen working capital.
- Substantial shareholders confirmed subscription of their right entitlements, ensuring full coverage.
- #right issue
- #capital increase
- #minimum capital requirement
- #insurance
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.