Premier Insurance Limited has confirmed the successful subscription of rights shares by its Directors and Substantial Shareholders, as verified by the auditors.
- An amount of PKR 102,325,762 has been fully subscribed for 10,232,576 Rights Shares at a subscription price of PKR 10/- per share.
- This constitutes 50.60% of the total Rights Issue authorized by the Board of Directors on September 24, 2026.
- The funds received will contribute to the overall rights issue amounting to PKR 202,260,420.
- The Auditor's Certificate confirms compliance with the Companies Act, 2017 regarding the receipt of subscription money.
- This announcement reflects a positive development for the company as it secures necessary capital through the rights issue.