Ismail Industries Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on January 22, 2020 has approved to issue 4% Right Shares in proportion of approximately 4 Right Shares for every 100 ordinary shares held by the existing ordinary shareholders of the Company at a price of Rs. 360/- per shares (including premium of Rs. 350/- per share). The Company offering 2,552,190 Right Shares which shall rank pari passu with the existing shares in all respect.

Further, The Share Transfer Book of the Company will remain close from February 15, 2020 to February 21, 2020 (both days inclusive).

The announcement is available at:

https://dps.psx.com.pk/download/document/141785.pdf

Ismail Industries Limited is a company incorporated in Pakistan as a Private Limited Company on June 21, 1988. On November 01, 1989 the company was converted to a Public Limited Company. The principal activities of the company are manufacturing and trading of sugar confectionery items, biscuits, potato chips and cast polypropylene film under the brands of Candyland, Bisconni, Snackcity and Astropack. The company is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

The symbol "ISIL" is being used by the stock exchange for the shares of Ismail Industries Limited.

© Pakistan Press International, source Asianet-Pakistan