Karachi: In continuation to our earlier communications regarding issuance of right shares by the company, we hereby further confirm as under:
a) We shall abide by the Central Depository Company of Pakistan Limited (CDC) and Karachi Stock Exchange (KSE) procedures relating to issuance of right shares and deposit the unpaid right in De Mat (Book Entry) within time frame as stipulated under the CDC procedure vide CDC letter # FL/NOV-2011/OPS/015 dated November 16, 2011 as well as the KSE regulations vide letter # KSE/C-1130-4687 dated August 01, 2011.
b) The payment of unpaid tight letters will be made by cash or crossed cheque or demand draft or pay order, made out to the credit of “Agritech Limited-right preference shares subscription account” through any, branch of Faysal Bank Limited in Pakistan as per tentative schedule submitted to you.
The Shareholders holding shares of the company in physical form should please note that under the CDC applicable shares procedures, the physical shareholders can renounce his letter of right (LOR) by routing through his own CDCIAS Account/ Sub Account to a share holder who is IAS Account holder or Sub Account Holder with CDC and no credit of right will be allowed in book entry form against subscription of physical Letter of Rights.
We shall request to kindly, approve the drafts of Letter of Intimation, Letter of Rights to physical shareholder and the tentative schedule already submitted with KSE.
Schedule for Issuance of Letter of Rights
Book Closure: from 6th December, 2011 to 12th December, 2011 (both days inclusive)
|1.||Date of credit of unpaid Rights into CDC in Book Entry Form||Wednesday||14.12.2011|
|2.||Dispatch of Letter of Right (LOR) to physical shareholders and intimation to CDC holders||Thursday||15.12.2011|
|3.||Intimation to Stock Exchange (s) for dispatch of physical Letter of Rights||Thursday||15.12.2011|
|4.||Commencement of trading of unpaid Rights on the Stock Exchange (G) Ltd||Monday||19.12.2011|
|5||. Last date for splitting and deposit of Requests into CDS||Wednesday||11.01.2012|
|6.||Last date of trading of Rights Letter||Friday||20.01.2012|
|7.||Last date for acceptance and payment of shares In physical form||Friday||27.01.2012|
|8.||Allotment of shares and credit of book entry of Shares into CDC||Thursday||16.02.2012|
|9.||Date of dispatch of physical shares certificates||Monday||27.02.2012|
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136