Systems Limited to Suspend Trading from May 29 to Implement Stock Split

The Pakistan Stock Exchange (PSX) has announced the temporary suspension of trading in the shares of Systems Limited (PSX: SYS) due to an impending change in the face value of the company’s shares. This move follows a book closure announced by Systems Limited for May 31, 2025. According to a notice issued by the PSX, trading in SYS shares in the Ready Market will be suspended from May 29, 2025, until May 30, 2025, to facilitate the face value split from Rs. 10 to Rs. 2 per share. In addition, as SYS qualifies as a Deliverable Futures Contract (DFC) eligible security, existing contracts including SYS-MAYB, SYS-JUNB, and SYS-JUL will be pre-matured on May 27, 2025, with settlement on May 30, 2025. New future contracts, SYS-JUNB, SYS-JULB, and SYS-AUG, spanning 30, 60, and 90 days will be introduced for trading starting June 2, 2025. Trading in SYS shares across both the Ready and Future Markets is scheduled to resume on June 2, 2025, provided all regulatory requirements are met. Upon resumption, the opening price will reflect the revised face value, being one-fifth of the closing price on the last trading day, May 27, 2025. The total number of SYS shares will increase from 293,116,150 to 1,465,580,750, while the paid-up capital remains unchanged.