Clover Pakistan Limited (PSX: CLOV) has announced a 10-to-1 stock split, reducing the face value of its shares from Rs10 to Rs1. The book closure for the stock split has been set for April 18, 2026, according to a notification to the Pakistan Stock Exchange.
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Following the stock split, the total number of shares will increase from 38,928,824 to 389,288,240, while the paid-up capital of the company will remain unchanged.
Trading and Settlement Adjustments
Trading in CLOV shares will shift to a T+0 (same-day settlement) basis for a single trading day of BC-1, Friday, April 17, 2026. Normal T+1 settlement will resume from Monday, April 20, 2026, the first working day after Book Closure.
Opening Price Adjustment
The opening price of CLOV on April 20, 2026, will be set at one-tenth of the closing price recorded on April 17, 2026, in line with the adjusted face value. This proportional adjustment ensures that the market capitalization of the company remains unchanged following the split.
| Aspect | Before Split | After Split |
|---|---|---|
| Face Value per Share | Rs10 | Rs1 |
| Total Number of Shares | 38,928,824 | 389,288,240 |
| Paid-Up Capital | Unchanged | Unchanged |
Key Dates
| Date | Event |
|---|---|
| April 17, 2026 | T+0 trading (single day) |
| April 18, 2026 | Book Closure |
| April 20, 2026 | Normal T+1 settlement resumes; new price (1/10 of April 17 closing) |
About Clover Pakistan Limited
Clover Pakistan Limited (PSX: CLOV) is a listed company engaged in its respective business operations. The stock split is designed to improve liquidity and make shares more accessible to a broader range of investors.
About Stock Splits
A stock split increases the number of shares outstanding while proportionally reducing the face value per share. The company’s total market capitalization remains unchanged. Stock splits are typically undertaken to improve liquidity and make shares more affordable for retail investors.
