Premier Insurance Limited has submitted the final offer documents for a rights issue, allowing existing shareholders to purchase additional shares at a specified price.
- The rights issue consists of 20,226,042 new ordinary shares, representing 40% of the existing paid-up capital.
- Offer price is set at PKR 10.00 per share, totaling an aggregate issue size of PKR 202.26M.
- Shareholders are entitled to 40 rights shares for every 100 shares held.
- Book closure is scheduled for October 27, 2026.
- Subscription payment dates are from October 29, 2026, to November 19, 2026.
- Trading of the Letter of Rights will occur from October 29, 2026, to November 12, 2026.
- The primary purpose of this rights issue is to meet the regulatory minimum capital requirement set by the SECP.
- The funds raised will be utilized for investments, enhancing the company's financial stability.