SECP simplifies right shares issuance process
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced amendments to the Companies (Further Issue of Shares) Regulations 2020, simplifying the right issuance process with single, standardised disclosure and reporting requirements applicable for all right issues regardless of the issue size. Under the new amendments, the issuers will have to solicit comments from both the Pakistan Stock Exchange (PSX) and the SECP on the draft offer document, irrespective of the size of the right issue. To enable investors to make informed decisions, disclosures in the right issue offer document have been strengthened so investors get access to vital information regarding the issuer, risk factors specific to the issue or the issuer, and the impact of such risks on the operations and performance of the company.