Investment Opportunity: Shell Pakistan to Issue New Share Capital

Recently, the board of directors of Shell Pakistan (LTD) approved to issue new share capital and raise it to PKR 3 billion.

Shell Pakistan

To raise capital from equity holders, the Board of Directors of Shell Pakistan Limited has approved the resolution to increase the authorized share capital of the Company. It was decided recently in the Extraordinary General Meeting where it was decided to increase the share capital of the Company from Rs. 1.5 billion to Rs. 3.0 billion.

The decision is subject to receiving the necessary approvals from the shareholders of the company.

After this approval of the increase in the number of the issued share capital, the existing Clause 5 of the Memorandum of Association of the Company would be renewed accordingly to read as follows:

The Share Capital of the Company is Rs. 3,000,000,000/- (Pakistan Rupees Three Billion Only) divided into 300,000,000 shares of Rs. 10/- each, with power to increase and reduce the Capital of the Company.

The report further read that the board of directors also determined that Ms. Lalarukh Hussain-Shaikh, the Company Secretary, and Mr. Faisal Waheed, the Chief Financial Officer and Director of the Company, will be entitled to do all acts, deeds and things, take any and all actions as may be required or useful to complete all legal formalities.

News Desk is the author at Research Snipers covering all Pakistan news including Business, Social, Entertainment, Economy, Pak News, World News, and More. News Desk is managed by a senior editor at Research Snipers.

1 thought on “Investment Opportunity: Shell Pakistan to Issue New Share Capital

  1. I am not an expert, but the share price of Shell Pakistan is not very well performing over the past 5 years. The share prices was more than PKR 600 per share back in 2017 and now it’s just above PKR 250.

    I hope they put better use of the new capital and put the investment to raise the bar.

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