Karachi Electric Supply Company Limited’s KESC 7.25% right issue – book closure

Karachi: We refer to the Letter and attach, herewith, SECP’s approval bearing reference No. EMD/CI/06/2004-376-380 dated 29 September 2011 according relaxation from the requirement of Rule SO), 5(v) and SM) of the Companies (Issue of Capital) Rules 1996 enabling the Company to make another right issue in one year without making underwriting arrangement and extension in time to notify book closure.

It is accordingly notified that the Share Transfer Rooks of the Company will remain closed from 14 October 2011 to 20 October 2011 (both days inclusive) in order to determine shareholders entitlement to the said right issue. The Right Shares would be offered to those shareholders whose names shall appear in the register of members at the close of business on 13 October 2011 (Thursday). A copy of press notification is attached for reference and record purpose.

Notice of Book Closure – 7.25% Right Issue

We are pleased to notify to the shareholders of the Company that Securities and Exchange Commission of Pakistan (SECP) has accorded approval to issue 7.25% Right Shares announced by the Company on 29 July 2011 at par i.e. Rs. 3.50 per share.

The Share Transfer Rooks of the Company will remain closed from 14 October 2011 to 20 October 2011 (both days inclusive) in order to determine entitlement of shareholders to the said Right Shares.

The Right Shares will be offered to those shareholders whose names shall appear in the register of members at the close of business on 13 October 2011 (Thursday).

For more information, contact:
Syed Moonis Abdullah Alvi
Company Secretary
Karachi Electric Supply Company Limited
Share Register Department
Central Depository Company of Pakistan Limited
CDC House, 99-B, Block “B”,
S.M.C.H.S, Shabrah-e-Faisal
Karachi -74400
Tel: 0800-23275