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March 31, 2026
Supernet Technologies Limited has issued over 107 million shares as part of its merger with Supernet Limited, following a court-approved restructuring and share swap arrangement.
Read more: SHC Approves Supernet Merger Scheme
Supernet Technologies Limited has approved the issuance of over 107 million shares as part of its capital reorganisation following its merger with Supernet Limited.
According to a notice submitted to the Pakistan Stock Exchange, the share allotment includes 5.5 million shares issued to existing shareholders and 101.62 million shares allocated to shareholders of Supernet Limited under the approved swap structure.
The merger was implemented under a court-sanctioned scheme of arrangement, approved by the Sindh High Court earlier this year.
Under the agreed swap ratio, shareholders of Supernet Limited received approximately 1.68 shares of Supernet Technologies for each share held.
The company also stated that fractional entitlements arising from the swap will not be issued. Instead, these will be consolidated and disposed of, with proceeds directed toward charitable purposes.
The issuance marks the completion of a key step in the merger process and reflects the company’s ongoing corporate restructuring.
The company confirmed that the newly issued shares will rank pari passu with existing shares, carrying equal rights in terms of dividends and voting.
Following the merger, the updated shareholding structure reflects the integration of both entities, aligning operations under a single listed company while streamlining ownership and governance.
