Pakistan’s brokerage house, Trust Securities & Brokerage Limited, has announced a major restructuring initiative, unveiling plans to subdivide its shares and establish a wholly-owned subsidiary that will operate a full-scale data centre and data warehouse business.
In a notice to the Pakistan Stock Exchange (PSX) on Monday, the company said that its Board of Directors (BoD) has approved “to sub-divide the face value of shares of the company from Rs10 to Re1 per share”
Under the proposed split, shareholders will receive 10 shares for every one share held.
“Once approved in Extraordinary General Meeting (EOGM), the existing subscribed and paid-up capital of the company, currently at 30,000,000 ordinary shares of Rs10 each, will be subdivided into 300,000,000 ordinary shares of Re1 each.
“Consequently, the eligible shareholders of the company will receive 10 shares in place of every 1 share held as of the date of determination,” it added.
Moreover, Trust Securities is gearing up to expand its technology footprint with the creation of a new subsidiary dedicated to data infrastructure services.
“The new subsidiary will focus on delivering an integrated data infrastructure platform, combining both physical data centre facilities and advanced data warehouse capabilities,” read the notice.
The listed company shared that the data centre component will provide the essential physical environment-including power, cooling, hardware, and security-required for reliable data processing and storage.
“Complementing this, the data warehouse systems will consist of specialised software and database architecture designed to support analytics, business intelligence, and reporting activities.
“Together, these operations will offer a comprehensive, end-to-end solution for the storage, management, and strategíc use of data assets, enabling the company to enhance its capabilities in data-driven decision-making and digital enablement,” read the notice.
Trust Securities, incorporated in Pakistan in 1993, holds a Trading Right Entitlement Certificate (TREC) of the Pakistan Stock Exchange and is also a member of the Pakistan Mercantile Exchange.
