Karachi, June 18, 2012 (PPI-OT): This refers to subject matter and it is to inform you that Alhamdulillah the Company has successfully completed all merger formalities. In this respect we provide herewith the following information/documents:
1. In the result of merger, the authorized capital of the Company has increased from Rs.725,000,000/- divided into 72,500,000 ordinary shares of Rs. 10 each to Rs. 730,000,000/-divided into 73,000,000 ordinary shares of Rs 10 each.
2. The Company has issued 13,000 ordinary shares to the shareholders of Ghani Southern Gases (Pvt) Limited keeping the sanctioned swap ratio of 1:1. List of is attached as Annexure A.
3. After issue of 13,000 ordinary shares (as stated above), paid up capital of the Company has increased from Rs. 724,500,000/- divided into 72,450,000 ordinary shares of Rs. 10 each to Rs. 724,630,000/- divided into 72,463,000 ordinary shares of Rs 10 each. Copy of certificate issued by the statutory auditors is enclosed as Annexure B.
Certificate under CDC Procedure for Input of Paid-Up Capital/Total Issue into CDS
In compliance with CDC Procedures for “Input of Paid-up Capital/Total Issue into CDS”, we, the Statutory Auditors of Ghani Gases Limited, are writing to confirm as follows:
Security Name | Ghani Gases Limited |
Security Symbol | GGL |
Number of Securities | |
Paid up Capital as per register before merger |
72,450,000 |
Shares issued in consequence of merger, in physical form |
13,000 |
Paid tip capital after issuance of shares under merger |
72,463,000 |
We further confirm that the conditions imposed by the Honourable Lahore High Court, in their order dated 15 May 2012 approving the merger, have been satisfied by the issuer in every respect.
For more information, contact:
Rizwan and Company
Chartered Accountants
Ghani Gases Limited
82-N. Model Town,
Ext. Lahore 54000- Pakistan
UAN: 111-GHANI1 (442-641)
Ph: +92-42-35161424-5
Fax: +92-42-35160393
Web: www.ghaniglobal.com
E-mail: info@ghniglobal.com