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Soneri Bank Limited’s issuance of 11% bonus shares-closure of share transfer books

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by December 5, 2012 Miscellaneous

Karachi, December 05, 2012 (PPI-OT): Further to our letter dated: November 21, 2012 regarding material information we would like to inform you that the Securities and Exchange Commission of Pakistan vide its letter No. EMD/CI/1/2011dated: December 4, 2012 (copy attached) has granted the specific relaxation from Rule 6 of the Companies (Issue of Capital) Rules, 1996 thus permitting Soneri Bank Limited (SNBL) to issue the earlier approved 11% bonus shares for every 100 shares held of Rs.10 each, to all its shareholders.

In order to meet the regulatory requirement of Minimum Paid-up Capital of the State Bank of Pakistan by 31 December 2012, it has been decided to close the share transfer books of the Bank from 19 December 2012 to 25 December 2012 both days inclusive. Transfers received at Company’s Share Registrar Office at their address mentioned below, by the close of business on or before 18 December 2012 will be treated in time for bonus entitlements to the transferees:

M/s. THK Associates (Private) Limited
Ground Floor, State Life Building No.3,
Dr. Ziauddin Ahmed Road
Karachi-75530, UAN: (021) 111-000-322

The State Bank of Pakistan has already been informed regarding our above plan to issue bonus shares by 31 December 2012 for ensuring compliance with its Minimum Capital Requirement.

For more information, contact:
Mohammad Aftab Manzoor
Chief Executive Officer
Soneri Bank Limited
Central Office: 5th Floor, Al-Rahim Tower,
I.I. Chundrigar Road,
P.O. Box No. 5856, Karachi, Pakistan,
Tel: 32446994, 111-567-890,
Fax: 32446661 and 32446734


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