Karachi: In continuation of our letter dated November 03, 2011 and with reference clause 19 of letter No. KSE/C-478-3844 dated June 20, 2011 we are enclosing herewith auditors certificate regarding subscription of right shares by Directors 15 days before the last date payment/renunciation which is November 18, 2011.
Subscription against Right Issue of the Company
As requested by you, we have verified from proceeds certificate and bank statement that Rs. 48,676,370 have been credited in the company’s subscription account as on November 02, 2011 as directors share of subscription against right issue of Shares which was approved by the Board of Directors of the company in their meeting held on June 15, 2011.
For more information, contact:
Asia Insurance Company Limited
456-K, Model Town,
Lahore. Ph: 042-35916801-3,