Century Paper and Board Mills Limited’s subscription of right shares : AsiaNet-Pakistan

Century Paper and Board Mills Limited’s subscription of right shares

June 14, 2013 | Miscellaneous | Share:

Karachi, June 14, 2013 (PPI-OT): Enclosed please find Certificate Issued by M/s. BDO Ebrahim and Co. Chartered Accountants, the auditors of the Company confirming receipt of full amount of Right Issue i.e. Rs. 424,100,540 for your information and circulation.

Certificate in respect of right issue in cash by 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 right issue proceeds by the bankers to the issue and we certify that the Company has received proceeds amounting to Rs.424,100,540 in cash in the subscription accounts opened for the purpose of rights issue.

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 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 and Lahore Stock Exchange vide their letter No.1456 dated March 28, 2013.

This certificate is being issued on the request of the management for onward submission to Karachi and Lahore Stock Exchanges for obtaining No Objection Certificates in the name of the bankers to the issue for release of subscription amount received by them.

For more information, contact:
Tasleemuddin A. Batlay
Director
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 and 3568 3410,
Website: www.centurypaper.com.pk
E-mail: Mansoor-ahmed@centurypaper.com

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Category: Miscellaneous