Summit Bank Limited Increases Paid-up Capital through Other than Right Shares

Karachi, Summit Bank Limited has announced an increase in its paid-up capital through the issuance of shares through Other Than Right method. In a subsequent email communication, the bank has shared documents with stakeholders to confirm the increase in paid-up capital and expedite necessary actions.

The bank has shared an Auditor’s Certificate confirming the increase in paid-up capital subsequent to the issuance of shares through Other Than Right along with the revised paid-up capital. Additionally, the bank has provided a copy of the Return of Allotment filed with the Registrar of the Companies and an Original Pay Order amounting to PKR 85,259,087 (Rupees Eighty Five Million Two Hundred and Fifty Nine Thousand Eighty Seven Only), which includes the Additional Listing Fee amounting to PKR 79,681,390 and the Supervisory Fee of SECP amounting to PKR 7,968,139, after tax deduction of PKR 2,390,442 for the increase in paid-up capital of the Bank.