EFU Life Assurance Limited has confirmed the successful subscription of right shares by its Directors and a substantial shareholder. An amount of PKR 374,906,690 has been deposited, representing 37,490,669 rights shares at PKR 10 per share.
- Total amount received: PKR 374,906,690
- Total rights shares issued: 37,490,669
- Subscription price per share: PKR 10
- Percentage of total rights issue subscribed: 83.31%
- Compliance with Companies (Further Issue of Shares) Regulations, 2020 confirmed by auditors.
- The funds will support the authorized right issue of share capital amounting to PKR 450 million.