WorldCall Telecom Limited has released a comprehensive set of Frequently Asked Questions (FAQs) to clarify its ongoing court-approved capital restructuring scheme, following its earlier disclosures to the Pakistan Stock Exchange (PSX) regarding the reduction of share capital and the subsequent share split.

The company said it prepared the FAQs after receiving numerous queries from shareholders and market participants regarding the operational, technical, and financial aspects of the restructuring. WTL requested the PSX to circulate the document among all TRE Certificate Holders and market participants to ensure consistent and accurate information.

According to the company, the restructuring will be implemented as a single composite transaction in two sequential stages following approval by the Lahore High Court.

In the first stage, WTL will reduce its paid-up share capital by 90% to eliminate unrepresented capital and absorb accumulated losses. In the second stage, the company will implement a 1-for-10 stock split, restoring shareholders' total number of shares to their pre-restructuring holdings.

WTL clarified that although shareholders' holdings will temporarily decline during the capital reduction stage, the subsequent stock split will restore the original number of shares, subject only to minor rounding adjustments of up to one share for fractional holdings under the Court-approved mechanism.

The company emphasized that the restructuring will not affect shareholders' proportional ownership, voting rights, or financial interests, as the scheme does not involve the issuance of new shares, transfer of assets, or redistribution of value among shareholders.

As part of the restructuring, the face value of each ordinary share will be reduced from Rs10 to Re1. However, the Pakistan Stock Exchange will not adjust the market price on an ex-basis, since investors' overall shareholding will remain unchanged after completion of both stages.

WTL also clarified that GlobalTech Corporation (GTC), despite being the company's largest shareholder, will receive no preferential treatment, with the restructuring applying equally to all ordinary shareholders.

The company further noted that the restructuring is a non-cash balance sheet adjustment, involving no cash outflow or transfer of assets to GTC or any affiliated entity. It added that the company's liquidity, operational assets, debt obligations, and Convertible Preference Shares (CPS) will remain unaffected.

Regarding implementation, WTL explained that the Central Depository Company (CDC) will process the restructuring in two separate phases due to technical limitations within the Central Depository System, although the Lahore High Court approved it as a single unified recapitalization.

The company also announced the following corporate action schedule:

• Court Sanction Date: July 8, 2026
• Entitlement Date: August 7, 2026
• Trading Suspension Date: August 7, 2026 (for CDS processing)
• Settlement: T+0 for trades executed on August 7, 2026
• Book Closure: August 8–9, 2026 (both days inclusive)

WTL said it will continue to keep shareholders and the market informed regarding any further developments in the implementation of the restructuring scheme.