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Wednesday, September 23rd, 2020

Thatta Cement Company Limited’s Credit of unpaid rights into CDS

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Karachi: We are pleased to inform you that unpaid rights have been credited into respective CDS Accounts of shareholders with CDC in book entry from as per their entitlement @ 25% i.e. one share for every four shares held in their names as at close of business on May 27, 2011.

Intimation, letters about the credit of unpaid Rights into CDS is being dispatched to the shareholders at their given addresses.

The Letter of Right (LoR) to shareholders holding shares in physical form will be dispatched on June 06 2011 at their addresses registered with our Registrar, M/S Noble Computer Services (Private) Limited.

In compliance with the provisions of Regulation No. 8AA.3 of the CDC Regulations and the Procedures made there under, we are hereby writing to confirm as follow:

The Board of Directors of the Company in its meeting held on October 08, 2014 has approved 25% Right Issue.

The above mentioned right issue i.e. 25% shall be distributed to the shareholders (including Account Holders, Sub-Account Holders and Investor Account Holders in the Central Depository System) whose names appears on the Members’ Register of the Company as at close of business on May 27, 2011.

We hereby confirm that all the necessary approvals and permissions have been obtained and formalities completed in connection with this right issue.

We hereby also confirm the allotment of 19,731,968 unpaid rights of Thatta Cement Company Limited in the name of the Central Depository Company of Pakistan Limited in the Unpaid Right Holders’ Register.

You are advised to credit the integer number of unpaid rights to respective accounts of the Account Holders, Sub-Account Holders and Investor Account holders in accordance with the Unpaid Rights Entitlement List (only active participant / account holder accounts) submitted to us. The proceeds of the Fractional Entitlement of the Account Holders and Sub-Account Holders as provided in the Unpaid Right Entitlement List shall be disbursed by us in due course in the manner prescribed under the provisions of the relevant corporate laws and articles of association.

Pursuant to Regulation 8AA.3.3, we are enclosing herewith a physical Letter of Right (LoR) in jumbo form to be signed by CDC for the purpose of renunciation for anti on behalf of entitled account holders, sub-account holders and IAS Account holders.

We also confirm that an amount of Rs. 91,852 in respect of 19,731,968 unpaid rights to be credited CDS has been paid by us via Cheque # 0388721against Invoice #15090 and as of today, no payment to CDC is pending at our end.

Thatta Cement Company Limited

Credit of unpaid Rights into CDS of the CDC/Dispatch of Letters of Right to Physical Shareholders

We are pleased to notify our shareholders that unpaid rights have been credited into their respective CDS Accounts with CDC in book entry form as per their entitlement @ 25% i.e. one share for every four shares held in their names as at close of business on May 27, 2011.

The last date of payment of subscription amount and other pertinent dates are as under:

Activity Date
Date of Credit of unpaid Rights into CDC in book entry form June 04, 2011
Date of dispatch of letter of Rights (LoR) to physical shareholders June 06, 2011
Date of commencement of trading of unpaid Rights at Karachi Stock Exchange June 07, 2011
Last date of trading of unpaid Rights June 21, 2011
Last date of subscription of right offer June 27, 2011
Date of credit of Right shares into CDS July 13, 2011
Date of dispatch of physical share certificates July 27, 2011

The subscription payment can be made by cash, or crossed cheque, or pay order, or bank draft to the credit of “Thatta Cement Company Limited – Right Share Subscription Account” in any branch of Summit Bank Limited in Pakistan.

Intimation letters about the credit of unpaid Rights into CDS are being dispatched to the shareholders at their given addresses.

CDC shareholders who opt subscribe their Right are requested to please contact their brokers or to CDC for the Right Subscription Request (RSR) as early as possible.

The Letter of Right (LoR) to shareholders holding shares in physical form are also being dispatched at their addresses registered with or Registrar, M/s Noble Computer Services (Private) Limited.

The shareholders holding shares of the company in physical form should please note that under the CDC applicable Right share procedures, they can convert their Letter of Right (LoR) in book entry form by depositing in their own CDC Account (IAS account or sub-account maintained with participant) and no credit of Right shares will be allowed in CDC against subscription of physical LoR.

In case of Non-Resident Pakistani/Foreign shareholders, the demand draft of equivalent amount in Pak Rupees should be sent to the Company Secretary, Thatta Cement Company Limited at the communication address i.e. 1st Floor, Arif Habib Centre, 23 M.T. Khan Road, Karachi of the company along with Right Subscription Request (both copies) duly filled and signed by the subscriber(s) with certified copy of NICOP/Passport well before the last date of payment i.e. June 27, 2011.

For any clarification/ information, the shareholders are requested to contact our Share Registrar.

Address of Share Registrar:
Noble Computer Service (Private) Limited,
Mezzanine Floor, House of Habib Building
(Siddiqsons Tower), 3-Jinnah Cooperative Housing
Society, Main Shahra-e-Faisal, Karachi – 75350
PABX: (92-21) 34325482-87
Fax: (92-21) 34325442

For more information, contact:
Ashiq Hussain
Company Secretary
Thatta Cement Company Limited
Arif Habib Centre, 23, M.T. Khan Road,
Karachi – 74000
Tel: +9221 32423295
Fax: +9221 32400989
Web: www.tharttacement.com

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