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will slightly be diluted after the company sells part of its unissued common shares to certain investors that hold its perpetual bonds.
'We have about 56,000 unissued birth certificates in the county and it is the responsibility of each of us to do their part within these 30 days,' Khalif said.
In addition, any unissued shares underlying awards outstanding under the Prior Plan that, on or after May 21, 2019, expire or are canceled, forfeited or terminated will also become available for grant under the 2019 Plan.
Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock.
PNB plans to issue the shares from its authorized but unissued capital stock.
"Following this capital raising exercise, any unissued shares will be kept in the form of authorized but unissued share capital and the Corporation currently has no plans for any further fundraising," CHP noted.
2 billion common shares from the company's unissued capital stock.
Reliant intends to fund the repurchase plan with a combination of cash on hand and cash generated from ongoing operations, and the repurchased shares will be become authorized but unissued shares.
Through the plan, the purchases will be funded from available working capital, and the repurchased shares will be become authorised, unissued shares.
But, the State Bank includes even the unissued bonds (lying in State Bank vaults and unsold at saving centres or commercial banks) in each draw.
But the State Bank of Pakistan (SBP) includes even the unissued bonds in SBP vaults and unsold bonds at Savings Centres or commercial banks in each draw.