Clover Pakistan Limited (PSX: CLOV) has announced a proposed 10-for-1 stock split, as per a filing submitted to the Pakistan Stock Exchange on Thursday.
The Board of Directors approved and recommended the sub-division of shares during a meeting on February 13, 2026, subject to shareholder approval at an upcoming Extraordinary General Meeting (EOGM).
- Face Value Reduction: From PKR 10 per share to PKR 1 per share.
- Share Ratio: 10 new shares for every 1 existing share.
- Current Paid-Up Capital: 38,928,824 shares of PKR 10 each.
- Post-Split Paid-Up Capital: 389,288,240 shares of PKR 1 each.
- Total Capital: Remains unchanged.
Eligible shareholders will receive 10 shares for each share held as of the determination date, which will be announced following the EOGM.
The company said the move aims to make shares more accessible to a wider investor base while maintaining the overall capital structure. The board also approved an amendment to Clause V of the Memorandum of Association to reflect the proposed sub-division.
