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KARACHI - United Bank Limited (UBL) has announced a sub-division of its ordinary shares, a move that will see the face value of the bank’s shares split from Rs.10 to Rs.5 each. The decision was made following a resolution passed by the shareholders during an Extraordinary General Meeting on May 15, 2025.
The bank has notified that its share transfer books will be closed on June 21, 2025, to determine the entitlements for the sub-divided shares. Shareholders registered by June 20, 2025, will be eligible to receive the new shares at the adjusted face value.
In preparation for the sub-division, all existing physical share certificates will be cancelled as of June 20, 2025. Shareholders in possession of physical shares will be required to surrender their original share certificates, along with the necessary transfer deeds and identification documentation, to UBL’s Share Registrar and Transfer Agent, THK Associates (Pvt) Limited in Karachi, after the specified date.
This corporate action is intended to increase the liquidity of UBL shares in the market, potentially making them more accessible to a broader range of investors. Share sub-divisions are often used by companies to adjust the share price in the market, although they do not change the market capitalization or the value of the company.
The news of UBL’s share sub-division has been disseminated to shareholders and the Pakistan Stock Exchange, where UBL is listed. The London Stock Exchange (LON:LSEG), where information regarding such corporate actions is also shared, has been duly informed.
This announcement is based on a press release statement and provides shareholders and potential investors with the necessary information regarding the upcoming changes to the share structure of United Bank Limited.
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