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Wednesday, December 8th, 2021

D.G. Khan Cement Company Limited’s Issuance of 73,019,853 Right Shares (i.e. 20%) To Be Paid At Rs.20/- Per Share

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Karachi: In compliance with clause of your letter # C-838 1122 dated February 17, 2011, we are pleased to inform you that a sum of Rs. 1,399,921,180/= has been received against total offer of Rs.1,460,397,060/= for issue of 73,019,853 ordinary right shares @ 20% to be paid at Rs.20/= per share (including premium of Rs. 10/- per share) upto last date of payment i.e. May 23, 2011 and a sum of Rs. 60,475,880/= for 3,023,794 ordinary right shares remained unsubscribed.

The board of Directors in their meeting held on May 27, 2011 has approved to offer and allot the unsubscribed portion of 3,023,794 right shares at Rs. 20/- per share which has been subscribed on May 28, 2011. IIence the total amount of Rs. 1,460,397,060/- against issue of 73,019,853 right, shares has been received.

In this respect we are submitting herewith Auditor’s Certificate dated. May 28, 2011 confirming Receipt of total subscription of Rs. 1,460,397,060 /= against total right issue of 73,019,853 ordinary shares.

In view of above, we request you to please issue NOC in the name of MCB Bank Limited, Shares Floatation Department, Mezzanine Floor, Adamjee House, I.I. Chundrigar Road, Karachi, the banker to the right issue, for release of amount of right subscription.

D.G. Khan Cement Company Limited (“the Company Auditors’ Certificate on subscription of right issue”)

At the request of the Company, we have examined the books of account and relevant records maintained by the Company regarding issue of right shares. We report that the Company has received subscription money amounting to Rs. 1,460,397,060 against issue of 73,019,853 ordinary right share of Rs. 10 each issue at Rs. 20 per share (inclusive of premium of Rs. 10 per share). After the said right issue, the paid up share capital of the Company will be Rs. 4,381,l91,l80.

For more information, contact:
Khalid Mahmood Chohan
Company Secretary
D.G Khan Cement Company Limited
Nishat House, 53-A,
Lawrence Road,
Lahore – Pakistan.
UAN: +9242 111 113 233,
Tel: +9242 36367812,
Fax: +9242 36367414


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