Karachi, May 09, 2013 (PPI-OT): We refer to your letter No.KSE/C-666-1553 dated 27 March 2013 in respect of approval of issuance of Right shares @ 25% at a premium of Rs. 10/- per share and confirm that all the Directors of the Company have subscribed their portion of right shares 15 days in advance of the Last date of payment/ renunciation i.e. 24 May 2013 as under:
Number of Right shares Subscription Name of Director Offered and subscribed Received (Rs.) Mr. Iqbal Ali Lakhani 324 6,480 Mr. Zulfiqar Ali Lakhani 165 3,300 Mr. Amin Mohammed Lakhani 279 5,580 Mr. Tasleemuddin A. Batlay 594 11,880 Mr. Shahid Ahmed Khan 300 6,000 Mr. Kemal Shoaib 125 2,500 Mr. Abdul Aziz (Nominee NIT) - - Mr. Aftab Ahmad 820 16,400
We also enclose herewith the following documents as desired vide para 6 of your above referred letter:
1. Photocopy of Certificate No.C-73/0751/13 dated 08 May 2013 received from the auditors of the Company M/s. BDO Ebrahim and Co., Chartered Accountants.
2. Copy of Notification to be published in newspapers.
Copies of the newspapers containing the aforesaid notification will be sent to you after its publication.
BDO Ebrahim and Co. Chartered Accountants
Certificate on Right Share Subscription by Directors of Century Paper and board mills Limited
As requested by you, we have examined the books and records of the Company and checked the receipt of the following amounts from Directors of the Company representing subscription money in respect of the Letter of right issued to them:-
Subscription Director name Number of received right shares (Rupees) Iqbal Ali Lakhani 324 6,480 Zulfiqar Ali Lakhani 165 3,300 Amin Mohammed Lakhani 279 5,580 Tasleemuddin Ahmed Batlay 594 11,880 Shahid Ahmed Khan 300 6,000 Kemal Shoaib 125 2,500 Abdul Aziz (Nominee Director NIT) - - Aftab Ahmad (CEO) 820 16,400 Total 2,607 52,140
Further, we confirm that we have checked that the afore-mentioned subscription money was received at least 15 days in advance of the last date of payment/ renunciation of letter of rights (i.e. May 24, 2013).
The offer of right shares at a premium of Rs. 10 per share in the ratio of one share for every four shares registered in the name of the respective shareholders on March 28, 2013 was approved by the Board of Directors at their meeting held on February 22, 2013.
The above right issue was approved by the Karachi Stock Exchange vide their Letter No. KSE/C-666-1553 dated March 27, 2013 a Lahore Stock Exchange vide their Letter No. LCS/1456 dated March 28, 2013.
This Letter is being issued without prejudice at the request of the management.
BDO Ebrahim and Co.
Subscription of Right Shares by the Directors
We are pleased to inform all concerned that the Directors of Century Paper and Board Mills Limited have fully subscribed their portion of right shares at the subscription price of Rs. 20 per share more than 15 days in advance of the last date of payment in terms of their undertaking given to the Karachi Stock Exchange Limited and Lahore Stock Exchange Limited. The last date of payment is 24 May 2013.
For more information, contact:
Century Paper and Board Mills Limited
Lakson Square, Bldg. No .2,
Sarwar Shaheed Road,
Karachi –74200, Pakistan.
Tel: 3689 8000
Fax: 92-21-3568 6571 & 3568 3410,