Karachi: With reference our application for issuance of right shares enclosing the required document for issue of right share, we hereby further confirm as under:
We shall abide by the CDC and KSE procedures relating to right shares and shall deposit the unpaid right in De Mal (Book Entry) within time frame as stipulated under the CDC procedures vide CDC letter no. FL/SEP-2011/OPS/025 dated September 22, 2011 as well as the KSE regulations vide letter No. KSE/C-508-5662 dated September 21, 2011.
The payment of unpaid right will be made by cash or crossed cheque or demand draft or pay order made out to the Credit of “EAST WEST INSURANCE COMPANY LIMITED RIGHT SUBSCRIPTION ACCOUNT” through any of the authorized Branches of Dubai, Islamic Bank Pakistan Limited in Pakistan as per tentative schedule Submitted to you vide our above referred letter No.EWI/KHO/CS/2011- 3060 dated November 3, 2011.
The shareholders holding shares of the Company in physical form should please note that the CDC applicable right shares procedures, the physical shareholder can renounce his letter of Right (LoR) by routing through his own CDC IAS Account/Sub Account to a shareholder who is the IAS account holder with CDC and no credit of right shares will be allowed in book entry form against subscription of physical Letter of Right LoRs.
We shall request to kindly approve the drafts of Letter of Intimation, Letter of Rights to physical shareholder and the tentative schedule already submitted vide our letter No. EWI/KHO/CS/2011-3060 dated November 3, 2011.
Revised Schedule for issuance of Letter of Rights
Book Closure: from 9th November, 2011 to 13th November, 2011 (both days inclusive)
|1.||Date of credit unpaid Rights into CDC in Book Entry Form||Monday||14.11.2011|
|2.||Dispatch of Letter of Right (LOR) to physical shareholders||Tuesday||15.11.2011|
|3.||Intimation to Stock Exchange(s) for dispatch of physical Letter of Rights||Tuesday||15.11.2011|
|4.||Commencement of trading of unpaid Rights on the Karachi Stock Exchange (G) Ltd||Wednesday||16.11.2011|
|5.||Last date for splitting and deposit of Requests into CDS||Monday||28.11.2011|
|6.||Last date of trading of Rights Letter||Friday||09.12.2011|
|7.||Last date for acceptance and payment of share in physical form and CDS||Friday||16.12.2011|
|8.||Allotment of shares and credit of book entry of shares into CDC||Saturday||31.12.2011|
|9.||Date of dispatch of physical shares certificates||Saturday||31.12.2011|
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136