The Bank of Punjab’s right subscription payment

Karachi, July 11, 2013 (PPI-OT): This refers your letter # KSE/C-861-62 dated 03/01/2013 regarding issuance of Right Shares by the Company.

As per point # 7 of the Procedure, it is hereby intimated that The Bank of Punjab (BOP) have received an amount of Rs. 4,822.925 million towards payment of Right Shares uptill 27th June, 2013 i.e. last date of acceptance/ payment against the total Right Subscription Amount of Rs. 5,000.00 million. The underwriter has been advised to take up the unsubscribed portion of the issue amounting to Rs. 177.075 million, detailed as under:

1. GoPo Subscription (51%)                                         Rs. 2,550.000 (M)
2. Public Subscription                                             Rs. 2,272.925 (M)
3. Call for Underwriter to take-up unsubscribed portion              Rs. 177,075 (M)
                                                                   Rs. 5,000.000 (M)

For more information, contact:
Raza Saeed
The Bank of Punjab
Head Office: BOP Tower,
10-B, Block E/II, Main Boulevard,
Gulberg III, Lahore,
Ph: + 92 42 35783843, 35783976
Fax: + 92 42 35783975

Leave a Reply