Karachi, July 18, 2013 (PPI-OT): We are pleased to inform you that the Securities and Exchange Commission of Pakistan vide their letter dated June 12, 2013 has granted its approval for the issuance of 242% Right Shares of First National Equities Limited (FNEL) (“the Company”) at a discount of Rs. 7.00 per share (i.e. issue price Rs. 3.00 per share).
The Shares Transfer Books of the company will remain closed from August 01, 2013 to August 07, 2013 (both days inclusive) to enable the Company to determine entitlement of Right Shares. Transfer received in order at office of the Company’s Shares Registrar, Technology Trade (Pvt.) Ltd. Dagia House, 241-C, P.E.C.H.S. Block-2, Karachi by the close of business hours on July 31, 2013 will be treated in time for the entitlement of Right Shares.
You may inform the TREC holders of exchange accordingly.
For more information, contact:
Usman Ahmed Khan
Company Secretary
First National Equities Limited
Fine House: 19-C,
Sunset Lane-6, Phase II, Extension,
D.H.A., Karachi.
PABX: (92-21) 35395901-5
Fax: (92-21) 35395920