LSE Capital Limited (PSX: LSECL) is moving to raise Rs100 million through the issuance of Partially Redeemable Shares (PRS), following a board decision to amend the company’s Memorandum and Articles of Association. This new instrument will replace the previously planned Tracking Preference Shares – Class B, signaling a strategic shift in the company’s capital structure.
The information was disclosed through a formal notice to the Pakistan Stock Exchange today.
Shareholder Approval and Board Elections
To secure shareholder approval, the board has also approved the notice for an Extraordinary General Meeting (EOGM) scheduled for April 6, 2026. During the meeting, shareholders will consider the proposed amendments as special resolutions. Additionally, elections for the Board of Directors for the upcoming 2026–2029 term will be conducted.
Subsidiary Developments
In a separate decision, the board has chosen to appoint a consultant to facilitate licensing for its subsidiary, Digital Custodian Company Limited. The consultant will assist in securing key authorizations, including Custodian and Wallet Provider licenses from the Pakistan Virtual Assets Regulatory Authority, as well as limited depository registration from the Securities and Exchange Commission of Pakistan.
Subscription Arrangement
Regarding the fundraise, it was noted that any portion of the share subscription not taken up by banks will be subscribed to by LSE Ventures Limited, ensuring the capital target is met.
About LSE Capital Limited
LSE Capital Limited (PSX: LSECL) is an investment company focused on building a diversified portfolio. It is part of the larger LSE Group, which has interests in financial services, technology, and other sectors.
