Monday Feb 16, 2026
Monday Feb 16, 2026
Saturday, 20 September 2025 00:00 - - {{hitsCtrl.values.hits}}
CIC Holdings PLC has proposed a subdivision of its shares, with every existing ordinary and non-voting (Class X) share to be split into five.
The move, recommended by the Board, aims to enhance liquidity and tradability of the stock without changing the company’s stated capital, assets, operations, or shareholder proportions.
The company’s stated capital was Rs. 1 billion as at end-June 2025 with a Rs. 34.24 net assets per share.
The sub-division will raise the number of Ordinary Shares from 291.6 million to 1.458 billion and non-voting (Class X) shares from 87.48 million to 437.4 million.
Shareholders will vote on the proposal at Extraordinary General Meetings on 13 October. If approved, trading in CIC shares will be suspended from 14-21 October for record updates, with trading resuming on 22 October.
The record date for the split is set as 15 October.
The rights attached to both ordinary and non-voting shares will remain unchanged following the split.
The company’s stated capital was Rs. 1 billion as at end-June 2025 with a Rs. 34.24 net assets per share. The public float of Ordinary Shares was 46.7% and Non-Voting Shares were 96.63%.
Non-Voting Shares (CIC.X) closed Friday at Rs. 114, up from Rs. 109 the previous day while Ordinary Shares (CIC.N) ended up at Rs. 145.50 from Rs. 140 the previous close.
