The Karachi Stock Exchange (Guarantee) Limited’s public announcement of intention to acquire 82% share of Network Microfinance Bank Limited

Karachi: This is to inform you that a Group of Investors for acquisition of Network Microfinance Bank Limited (“NMBL”) represented by Mr. Muhammad Azeem Cheema (“Acquirers”) Intend to acquire 82% shares of NMBL held by Messrs. JS Investments Limited and KASB Bank Limited.

In order for the above, the Acquirers have appointed Burj Capital Pakistan (Private) Limited as Manager to the Offer.

Please find enclosed the Public Announcement of Intention as required under the Regulation 6 of Listed Companies (Substantial Acquisition of Voting Shares and Take-overs) Regulations, 2008.

We intend to publish the Public Announcement of Intention in the newspapers as per requirement of the law in this regard.

[Regulation 6(4)]
Public Announcement of Intention to Acquire 82% Shares of Network Microfinance Bank Limited by Group of Investors Under Listed Companies (Substantial Acquisitions of Voting Shares and Take -Overs) Ordinance, 2002

1) Information about the acquirer

a. Name(s) and Address(s) of Acquirer along with persons acting in concert

i. Name: Group of Investors
1. Mr. Muhammad Azam Cheema
2. Mr. Ejaz Ahmed Khan
3. Mi. Zaheer Ahmad Paracha

ii. Registered Office:
129-E/1 2nd Floor, Tahowar Plaza, Main Boulevard, Gulberg III, Lahore

b. Name(s) and Address(s) of financial advisors of the acquirer, if any
Name: Mr. Tariq Jamil – Lead Consultant
Address: 43, Justice Sardar Iqbal Road, Gulberg 5, Lahore.

c. Names of the chief executive and directors of the acquirer
i. Chief Executive: (nominated Mr. Ejaz Ahmad Khan)
ii. Proposed Directors:

1. Mr. Jamshed Iqbal Cheema
2. Chaudhry Jaffar Ali
3. Mr. Muhammad Azam Cheema
4. Mian Muhammad Akram Shahid
5. Mr. Qamar-uz-Zaman
6. Mr. Shoaib Ahmad Butt
7. Ms. Shahida Bilquis
8. Mr. Ejaz Ahmed Khan
9. Mr. Shaharyar Ahmad

d. Names of Major Shareholders of the acquirer
i. Mr. Jamshed Iqbal Cheema
ii. Chaudhary Jaufar Ali
iii. Mr. Muhammad Azam Cheema
iv. Mian Muhammad Akram Shahid
v. Mr. Qamar-uz-Zaman
vi. Mr. Shoaib Ahmad Butt
vii. Ms. Shahida Bilquis
viii. Mr. Ejaz Ahmad Khan
ix. Mr. Shaharyar Ahmad

2) Information about the target company

a. Name of the target company, its directors and major shareholders
i. Name: Network Microfinance Bank Limited
ii. Directors:
Mr. Khair Mohammad Junejo
Mr. Kamal Asfar
Mr. Syed Mohammad Rehmanullah
Ms. Farah Qureshi
Mr. Nazar Mohammad Shekih
Mr. Mohammad Siddiq Khokhar
Mr. Zainul Abidin Memon

iii. Major Shareholders:
1. JS Investments Limited
2. KASB Bank Limited

b. Total Number of issued shares
30,000,000 Shares

3) Number of shares already held by the acquirer
Nil

4) Number of shares along with the percentage intended to be acquired by the acquirer through public offer or agreement.

The acquirer intends to acquire 24,604,382 shares (approximately 82%) of the target company which is currently held by Messrs. JS Investments Limited and KASB Bank Limited, If acquirer proceeds to acquire these shares, the acquirer will make a public announcement of Offer to acquire shares in accordance with the requirements of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002.

For more information, contact:
Karachi Stock Exchange
Tel: +9221 111-001122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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