Cherat Packaging Limited’s status of subscription for the right issue
Karachi, May 23, 2013 (PPI-OT): With respect to the captioned subject, please note that the Right letter of Cherat Packaging Limited (CPPL) amounting to PKR 206,550,000 has been subscribed by 91.22% as of the ‘Last Date for Acceptance and Payment of Shares’ i.e. May 17, 2013. As per the details received from the Banker to the Issue, Bank Al-Habib, the total amount subscribed is PKR 188, 413,436.
The details of subscription are as follows:
Total Issue Size PKR 206,550,000
Subscribed Amount PKR 188,413,436
Unsubscribed Amount PKR 18,136,564
Moreover, as per the procedure for issuance of right shares we shall also provide the Exchange an Auditor Certificate within 14 days from the last date of payment to confirm that the amount of PKR 206,550,000 has been fully received.
For more information, contact:
Abid A. Vazir
Executive Director and
Cherat Packaging Limited
Modern Motors House, Beaumont Road,
Karachi – 75530, Pakistan
UAN: (92-21) 111-000-009
Tel: (92-21) 36683566-67
Fax: (92-21) 35683425