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Shifa International Hospitals Limited: Disclosure of Material Information - Credit of Shares into CDS Pursuant to the Scheme of Arrangement

M&ASTRONGLY POSITIVE

Shifa International Hospitals Limited has successfully completed the merger with Shifa Medical Centre Islamabad (Pvt.) Limited, resulting in the crediting of shares to eligible shareholders of SMCI.

  • The merger was sanctioned by the Islamabad High Court as part of a Scheme of Arrangement.
  • A total of 78,860 ordinary shares of Shifa International Hospitals have been credited to the accounts of eligible SMCI shareholders.
  • The share capital of Shifa International Hospitals increased from PKR 632,143,830 to PKR 632,932,430 following this allotment.
  • The swap ratio for the merger was set at 1 ordinary share of SMCI for every 0.032 shares of SIHL.
  • As a result of the merger, Shifa Medical Centre Islamabad has been dissolved without winding up.
  • This marks the completion of all requisite corporate and legal formalities for the merger.

About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange, per our editorial policy and data methodology. A summary for information, not investment advice — the original filing is the authoritative record.

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