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The Karachi Stock Exchange (Guarantee) Limited’s subscription of right shares R-9

Karachi: Asia Insurance Company Limited

Please refer to Para No.07 of Procedure to be complied with for issue of Right Shares dated June 20, 2011 issued by Karachi Stock Exchange (KSE).

The last date of Subscription of Right Shares was November 18, 2011.

As per details, provided by the Banker to the issue, till the last date of subscription of Right Shares, out of total Rs. 50.00 Million Right Issue, we have received following subscription amount from the Sponsors and General Public.

 

Sr. No. Particulars Amount
01. Sponsors/Directors 48,676,370
02. General Public 40
Total Subscription received 48,576,410

 

The subscription of remaining Right Issue amounting Rs. 1,323,590 will be decided by our directors as required under Section 86(7) of The Companies Ordinance, 1984 and the same as soon communicated to your honor in due course.

As soon as Right Share Subscription is received in complete, the auditors’ certificate and Form- 3 duly certified by; the Companies Re9istration Office will be furnished to you within due course.

Thank you very much for the cooperation KSE, you and your staff have extended to us in completing the process of our Right Issue.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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