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Monday June 24, 2024

PIA sets delisting date

By News Desk
May 21, 2024
An aeroplane of the Pakistan International Airlines (PIA) is seen in this photo. — AFP/File
An aeroplane of the Pakistan International Airlines (PIA) is seen in this photo. — AFP/File

KARACHI: Pakistan International Airlines Corporation Limited (PIA) has announced May 25, 2024, as the final date of book closure to determine the Class "A" and Class "B" shareholders of the company.

The book closure follows the approval by the Securities and Exchange Commission of Pakistan (SECP) of the Scheme of Arrangement between PIA and PIA Holding Company Limited on May 3, 2024.

As a result, PIA will be delisted from the Pakistan Stock Exchange (PSX) with effect from the final date of book closure, May 25, 2024, and the last trading day will be Friday, May 24, 2024.The PSX has informed that trading in the shares of PIAA and PIAB will be allowed in the Regular Market (on a T+0/Spot settlement basis) for the last two trading days.