The Karachi Stock Exchange (Guarantee) Limited’s Issuance of Right Shares @ 40.49%
Karachi: With reference to our application for issuance of Right Shares enclosed therewith the required documents for issue of right shares, we hereby further confirm as under:
We shall abide by the CDG and KSE/LSE procedures relating to right shares and shall deposit the unpaid right in De Mat (Book Entry) within time frame as stipulated under the CDC procedures vide CDC letter No. FL/MAY 2011 OPS/011, dated May 07, 2011 as well as the KSE regulations vide letter No. KSE/C-2856 dated May, 06, 2011
The payment of unpaid right letter will be made by cash or crossed cheque or demand draft or pay order made our to the Credit of “Husein Sugar Mills Limited LoRs Account” through any of the authorized branches of MCB Bank Limited in Pakistan as per tentative schedule submitted to you vide our above referred letter.
The Members holding shares of the company in physical form should please note that under the CDC applicable right shares procedures, the physical shareholder can renounce his/her Letter of Right (LoR) by routing through his own CDC IAS Account/Sub Account to 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 form against subscription of physical Letter of Rights LoRs.
We shall request you to kindly approve the drafts of Letter of intimation, Letter of Rights of Physical Shareholder and the revised tentative schedule hereby submitted.
Schedule for Issuance of Letter Rights
|1.||Date of credit of unpaid Rights into CDC in Book Entry Form||Friday||27.05.2011|
|2.||Dispatch of Letter of Right (LOR) to physical shareholders||Monday||30.05.2011|
|3.||Intimation to Stock Exchange (s) for dispatch of physical Letter Rights||Tuesday||31.05.2011|
|4.||Commencement of trading of unpaid Rights on the Karachi|
Stock Exchange (Guarantee) Limited
|5.||Last date for splitting and deposit of Requests into CDS||Thursday||30.06.2011|
|6.||Last date of trading of Right Letter||Friday||08.07.2011|
|7.||Last date for acceptance and payment of shares in Physical/CDC form||Friday||15.07.2011|
|8.||Allotment of Shares and credit of book entry of shares into CDC||Saturday||31.07.2011|
|9.||Date of dispatch of physical share certificates||Monday||15.08.2011|
For more information, contact:
Karachi Stock Exchange
Tel: +9221 111-001122
Fax: +9221 3241 0825, +9221 3241 5136