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Thursday, April 26th, 2018

The Karachi Stock Exchange (Guarantee) Limited’s right shares at discount of KASB Bank Limited (R-5)

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Karachi: With reference to above we enclose copy of the certificate No. AC2/273/11 dated December 08, 2011 of our Auditors M/s. Ernst and Young, Ford Rhodes Sidat Hyder, Chartered Accountants confirming the receipt of entire amount of Rs. 3,000,000,000/- of Right Issue (R-5) of the Bank.

This has reference to your email dated 01 December 2011. As required by you, we are pleased to state that as per the books and records of the Bank, an aggregate subscription amount of Rs. 3,000,000,000 has been received by the Bank up to 02 December 2011 against the issue of 1,000,000,000 right shares of the, face value of Rs.10 each at a discounted price of Rs. 3 each.

The paid up capital of the Bank before taking into account the above mentioned right shares was as follows:

 

Number of Ordinary Shares Face Value Paid up Capital
Rupees  Rupees
950,861,662 10/-  9,505,616,620

 

The paid up capital of the Bank, after the above referred right issue, would be as under:

 

Number of Ordinary Shares Face Value Paid up Capital
Rupees Rupees
1,950,861,662  10/-  19,508,616,620

 

Further, the right shares in the name of Central Depository Company of Pakistan Limited, (CDC) have been properly recorded in the members’ register.

This letter is being issued on the specific request of the management of the Bank for onward submission to the CDC in terms of procedures prescribed by CDC for shares upload.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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