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Octopus Digital Limited Shares Transferred to Successful Bidders. Trading on PSX to Start from October 05, 2021.   

The Central Depository Company of Pakistan Confirms Credit of 27.3 million Shares to 12,365 New Share Holders of Octopus Digital Limited. Pakistan Stock Exchange Notifies Listing of Octopus Digital Limited.  

Karachi, Pakistan – Pakistan Stock Exchange (PSX) has notified the listing of Octopus Digital with effect from Tuesday, October 05, 2021. All Octopus Digital Limited securities have been transferred to successful bidders. This event marks a major milestone for the company as it has earned a rare distinction of being the fastest, largest, and heavily subscribed issue in PSX’s 74-year history. As a result, Octopus Digital now has 12,365 shareholders.      

Book runner and sole financial advisor/consultant of the IPO BMA Capital Management Limited played a critical role in guiding and generating interest among high-net-worth investors and capital management groups for Octopus Digital Limited. BMA Capital’s efforts and expertise ultimately resulted in the successful execution of the IPO.   

The Central Depository Company of Pakistan Limited (CDC) has duly informed that 27,350,000 securities of ‘Octopus Digital Limited’ have been credited into the respective accounts of 12,365 shareholders in the Central Depository System (CDS). The securities were transferred at the end of a day of October 01, 2021, within the regulatory period outlined by the Public Offering Regulation 2017.  

A rigorous and fruitful exercise was carried out by Octopus Digital’s corporate department, Share Registrar FAMCO Associates and the CDC to complete all tasks within the regulatory period. A special mention with regards to FAMCO Associates efforts as they played a major role in meeting this deadline by managing the entire IPO’s general subscription receipts/refunds and shares allotment along with balloting within the stipulated time.   

PSX has also notified the listing of Octopus Digital Limited. Shares will be available for trading under the symbol “OCTOPUS” as assigned by the National Clearing Company of Pakistan (NCCPL). The company will be quoted in the “Technology and Communication” sector in the daily quotation of the Exchange.   

The confirmation letter by the CDC, adverts in Business Recorder and Nawa-i-Waqt and Notification of the Listing by PSX are available at the bottom of this news for reference.  

Successful investors may check their CDC accounts for credit of securities. They can also contact Octopus Digital Limited’s Share Registrar FAMCO Associates for further information and guidance. The contact details for FAMCO Associates are mentioned below,   

FAMCO Associates Private Limited
Address: 8-F, Next to Hotel Faran, Block 6, PECHS, Main Shahrah-e-Faisal, Karachi-74000, Pakistan
PABX: 021-34380101-5 EXT-119 & 123 / 021-34384621-3
Mobile: 0300-0509547
Email: info.shares@famco.com.pk     

Octopus Digital Limited would like to take this opportunity to thank all investors for their interest. Octopus Digital could not have achieved such success without her shareholder’s trust in the team’s abilities to usher in a new era of Industry 4.0 Manufacturing.     

In case of further guidance and information, shareholders are requested to contact investors@avanceon.ae.   

—End of Press Release— 

About Octopus Digital – Octopus Digital, an AVANCEON subsidiary company, helps businesses digitalize their manufacturing, supply chain, and financial workflows backed by strategic and operational maintenance support services in the US, Middle East, and South Asia. Thus, making decision support, actionable insights, and business intelligence available 24x7x365 both as managed and unmanaged service on a multi-year monthly subscription basis. Find out more about Octopus Digital Limited at www.octopusdtl.com.   

About Avanceon – (PSX: AVN) – Avanceon is an industrial automation consultation and system integration entity in Pakistan, Qatar, UAE, KSA, and United States. The company follows an ethical, proactive, and sustainable approach to business. As a leading innovator within the automation industry, Avanceon provides state-of-the-art automation solutions on three continents. Established in 1984, Avanceon is committed to providing engineering excellence to its clients and partners. Providing end-to-end solutions, which include Design, Supply, Engineering, Installation, Testing, Commissioning, and Maintenance, Avanceon’s executive management has extensive experience and insight within the automation and system integration industry. Avanceon is an ISO 9001-2015, 14001-2015, and OHSMS ISO 45001-2018 company holding certifications from TUV Austria and TRACE International. Find out more about Avanceon at www.avanceon.ae  

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