The Karachi Stock Exchange (Guarantee) Limited’s Issuance of Right Shares @ 33.25%
Karachi: With reference to our letter No.SBL/SECY/KSE/161 dated: May 31, 2011 for issuance of right shares, we hereby further confirm as under:
-We shall abide by the CDC and KSE producers relating to right shares and shall deposit the unpaid right in Dc Mat (Book Entry) within the timeframe as stipulated under the CDC procedures as well as the KSE regulations circulated vide letter No.KSE/C-768-1978 dated: 29 March, 2011.
-The payment of unpaid right letter will be made by cash or crossed cheque or demand draft or pay order made out to the credit of “Soneri Bank Limited-Right Shared Account” through any of our branches in Pakistan as per tentative schedule submitted to you vide our above referred letter.
The shareholders holding shares of the Company in physical form should note that under the CDC applicable right shares procedures, the physical shareholders can renounce his/her Letter of Right (LoR) by routing through his/her own CDC IAS Account/Sub Account to a shareholder who is the IAS account holder or sub account holder with CDC and no credit of right shares will be allowed in book entry from against subscription of physical Letter of Rights (LoR).
You are kindly requested to approve the drafts of Letter of Intimation, Letter of Right to physical shareholders and the tentative schedule already submitted vide our above referred letter,
Right Shares @ 33.25% I.E.33.25 Shares for every 100 Shares At Discount of Rs. 5.00 per Share of Rs. 10.00 Each Tentative Dates of Issuance of Right Letters, Credit into CDC in Book Entry from Payment, Issuance of Shares and Deposit into CDS for Approval of the Stock Exchanges (Prepared on Working Days Basis)
Books Closure: From 02 June 2011 to 05 June 2011 (Both Days Inclusive)
|1.||Credit of unpaid Right into CDC in Book Entry From||Monday||6 June 2011|
|2.||Issuance of Letter Right (LoR) to physical Shareholders and intimation letter to CDC account holders.||Monday||6 June 2011|
|3.||Confirmation to be sent the KSE/LSE/ISE for credit/dispatch of Right Allotment Letters||Tuesday||7 June 2011|
|4.||Commencement of trading of Letter of Right (LoR) on the Stock Exchanges||Wednesday||8 June 2011|
|5.||Last date for splitting of physical Letter of Right (LoR) and deposit of request into CDS.||Tuesday||14 June 2011|
|6.||Last date of Trading of Letter of Right (LoR)||Wednesday||22 June 2011|
|7.||Last date for acceptance and payment of Letter of Right (LoR) for shares in book entry form in CDS/ Physical form.||Tuesday||28 June 2011|
|8.||Intimation to Stock Exchanges about subscription||Thursday||30 June 2011|
|9.||Date of Credit of right shares into CDS||Tuesday||12 July 2011|
|10.||Dispatch/Ready for exchange against paid LoR physical shares||Tuesday||12 July 2011|
For more information, contact:
Karachi Stock Exchange
Tel: +9221 111-001122
Fax: +9221 3241 0825, +9221 3241 5136