Sigma Leasing Corporation Limited’s public announcement of intention by KASB Finance (Private) Limited for acquisition of 99.99% controlling stake
Karachi, June 19, 2012 (PPI-OT): We, on behalf of KASB Finance (Private) Limited, are pleased to submit the ‘Public Announcement of Intention to Acquire’ the above captioned shareholding of Sigma Leasing Corporation Limited (SIGL) under Regulation 6 (4) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation 2008.
Kindly contact the undersigned for any additional information or clarification.
Regulation 6 (4)] I, Public Announcement of Intention to Acquire Approximately 99.99% of Sigma Leasing Corporation Limited by KASB Finance (Private) Limited under Listed Companies (Substantial Acquisitions of Voting Shares and Take-Overs) Ordinance, 2002
1) Information about the Acquirer
a. Name (s) and address (s) of Acquirer along with persons acting in concert
| i. | Name | KASB Finance (Private) Limited |
| ii. | Registered Office | 90-91 Razia Sharif Plaza, Blue Area, Islamabad |
b. Name (s) and address (s) of Financial Advisor of the Acquirer, if any
None
c. Names of the chief executive and directors of the Acquirer.
| i. | Chief Executive | Mr. Nasir Ali Shah Bukhari |
| ii. | Director | Mr. Nasir Ali Shah Bukhari |
| Mr. Muneer Kamal | ||
| Mr. Muzaffar Ali Shah Bukhari, | ||
| Mr. Mahmood Ali Shah Bukhari |
d. Name of major shareholders of the Acquirer
Mr. Nasir Ali Shah Bukhari
Mr. Muneer Kamal
Mr. Muzaffar Ali Shah Bukhari,
Mr. Mahmood Ali Shah Bukhari
2) Information about the Target Company
a. Name of the Target Company, its directors and major shareholders
| i. | Name | Sigma Leasing Corporation Limited |
| ii. | Director | Mr. Asif Ali Rashid |
| Mr. Muhammad Nasim Khan | ||
| Mr. Shahzad Ali Rashid | ||
| Mr. Aamir Ali Rashid | ||
| Mr. Iskander Sultan Khawaja | ||
| Mr. Ruhail Mohammad | ||
| Mr. S. Arshad A. Kazmi | ||
| Mr. Shujat Ali Baig | ||
| Arshadullah Khan | ||
| Shoaib Jawed Savul |
iii. Major Shareholders: Mr. Ghulam Ali Rashid, Mr. Asif Ali Rashid, Mr. Arif Ali Rashid, Mr. Feroze Ali Rashid, Mr. Ashraf Ali Rashid (c. 91.38% aggregate shareholding)
b. Total number of issued shares
30,000,000/- shares
3) Number of Shares Already held by the Acquirer
Nil
4) Number of Shares along with the Percentage Intended to be Acquired by the Acquirer through Public Offer or Agreement.
The Acquirer has signed a Memorandum of Understanding with the sponsor shareholders of the Target Company to acquire majority equity stake in the Target Company, subject to execution of a share Purchase Agreement, necessary regulatory approvals and completion of other regulatory formalities.
The Acquirer intends to acquire 29,996,406 shares (c. 99.99%) of the Target Company through agreement if the Acquirer proceeds to acquire these shares, the Acquirer will make a public announcement of offer to acquire shares in accordance with the requirements of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002.
For more information, contact:
Sigma Leasing Corporation Limited
Sigma, House 8-C, Block-6, P.E.C.H.S
Off Shahrah-e-Faisal, Karachi-75400 (Pakistan)
Tel #: 34557233-4, 34544850-1
Fax #: 34544439
Website: www.sigma-leasing.com
E-mail: info@sigma-leasing.com