The Karachi Stock Exchange (Guarantee) Limited’s issuance of right shares of 64.41% at PKR 10.00
Karachi: With reference to our application submitted along with the required documents for issuance of right shares. We hereby further confirm as under:
We shall able to by the CDC and KSE 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/JUNE-2011/OPS/016 dated June 17, 2011 as well as the KSE regulations vide letter no.KSE/C-1100-337 dated May 30, 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 “The Bank of Khyber –Right Shares Account” through any of the authorized branches of the Bank of Khyber as per tentative schedule submitted to you vide our above referred letter.
The shareholders holding shares of the Company in physical form should please note that under the CDC applicable Right Shares Procedures, the physical shareholder can renounces his Letter of right (LoR) by routing through his own CDC IAS Accounts-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 form against subscription of physical Letter of Rights (LoRs).
We shall request to kindly approve the drafts of Letter of Intimation, Letter of Rights to physical shareholders and the Tentative Schedule already submitted vide our letter No.BOK/HO/SD/2011 dated June 27, 2011.
For more information, contact:
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136