Islamabad, 3 june 2025: United Bank Limited has officially announced the sub-division of its ordinary shares, a move approved by shareholders during an Extraordinary General Meeting held on May 15, 2025. The bank’s stock will undergo a two-for-one split, reducing the nominal value of each share from Rs10 to Rs5.
As part of this corporate action, the bank will suspend share transfers on June 21, 2025, to finalize the eligibility of shareholders for the newly denominated shares. Those listed in the official member registry by the close of business on June 20, 2025, will qualify to receive shares reflecting the revised face value.
The restructuring of share value is aimed at enhancing liquidity and making the stock more accessible to a broader base of investors. United Bank Limited emphasized that all existing paper-based share certificates will be considered void after June 20.
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Shareholders holding physical certificates are instructed to submit their original documents accompanied by validated transfer deeds and a copy of their CNIC after this date to receive updated certificates.
The process will be managed by the Bank’s Share Registrar and Transfer Agent, THK Associates (Pvt) Ltd, headquartered in Karachi’s DHA Phase VII. Investors have been advised to follow the outlined steps promptly to avoid any delays in certificate replacement.
By the Pakistan Stock Exchange (PSX) regulations, United Bank Limited has also submitted the formal book closure notice to the Exchange and shared the text of public advertisements that will appear in major national dailies, including Business Recorder and Nawa-i-Waqt, on June 4, 2025.
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The notification has been shared with the relevant authorities, including the Securities and Exchange Commission of Pakistan and the London Stock Exchange.
TRE Certificate holders and market participants are being informed through official PSX channels to ensure complete awareness of the forthcoming share sub-division.
This strategic adjustment comes as part of UBL’s broader market engagement and investor-relations initiatives, reaffirming its commitment to aligning with global corporate governance standards.
