Lucky Cement Ltd. (LUCK): LUCK board approves 5-for-1 split - By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Lucky Cement Ltd. (LUCK), in its Board of Directors meeting held yesterday, approved a share split in the ratio of 5:1, reducing the face value from PkR10/sh to PkR2/sh. Consequently, shareholders will receive 5 shares for every 1 share held. The date of determination which will be announced after the Extraordinary General Meeting (EoGM) on March 18, 2025.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The share split will increase the number of outstanding shares from 293mn to 1,465mn without triggering tax implications, unlike the bonus issue. The said development is expected to enhance the scrip&rsquo;s liquidity and broaden investor participation.</span></li></ul><ul><li><span style="font-famil...