REG - United Bank Limited - EXTRAORDINARY GENERAL MEETING

United BankAnnouncement

01/06/2023 13:45

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RNS Number : 3800B  United Bank Limited  01 June 2023

Secretary's Department

 

SD/PSX/EOGM-2023/23

 

01 June 2023

 

 
 

The General
Manager
 

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi

 

Dear Sir,

EXTRAORDINARY GENERAL MEETING (EOGM) OF THE

SHAREHOLDERS OF UBL TO INCREASE AUTHORIZED CAPITAL

 

The Board of Directors of United Bank Limited (UBL) has recommended as under:

 

1-   To increase Authorized Shares Capital of the Bank from
Rs.20,000,000,000 (Rupees Twenty Billion Only) divided into 2,000,000,000 (Two
Billion) ordinary shares of Rs.10/- (Rupees Ten Only) to Rs.81,000,000,000
(Rupees Eighty-One Billion Only) divided into 8,100,000,000 (Eight Billion One
Hundred Million) ordinary shares of Rs.10/- (Rupees Ten Only) each.

2-   To amend relevant clauses of the Memorandum and Articles of Association
of UBL.

3-   To hold an Extraordinary General Meeting of UBL on Thursday 22 June
2023 at 10:00 a.m. at Islamabad to approve the aforementioned businesses.

 

A disclosure form is attached herewith.

 

The Share Transfer Books of UBL will remain closed from 16 June 2023 to 22
June 2023 (both days inclusive).  Transfers received at the office of our
Share Registrar, M/s. THK Associates (Pvt.) Limited, Plot No. 32-C, Jami
Commercial Street-2 D.H.A. Phase-VII Karachi-75400 at the close of business on
Thursday, 15 June 2023 will be treated in time in this regard.

 

You may please inform the TRE Certificate Holders of the Exchange accordingly.

 

 

Yours faithfully,

 

Sd/-

 

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

 

C.C to:

 

1)   London Stock Exchange, London UK.

2)   The Commissioner, Enforcement & Monitoring Division, SECP,
Islamabad.

 

 

ANNEXURE - A

 

 

DISCLOSURE FORM

 

IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

 

 Name of Company:                    United Bank Limited
 Date of Report:                     01 June 2023
 Registered Address of the Company:  13(th) Floor, UBL Building, Blue Area, Islamabad.
 Contact information:                Aqeel Ahmed Nasir,

                                     Company Secretary & Chief Legal Counsel

                                     United Bank Limited.

                                     Telephone Numbers: 021-990332960 & 021-32400419

 

  ü  Disclosure of inside information by listed company in terms of section
15D.

 

Public disclosure of price sensitive / inside information, which directly
concerns the listed securities:

 

The Board of Directors of United Bank Limited (UBL) has recommended:

 

1-         To increase Authorized Shares Capital of the Bank from
Rs.20,000,000,000 (Rupees Twenty Billion Only) divided into 2,000,000,000 (Two
Billion) ordinary shares of Rs.10/- (Rupees Ten Only) to Rs.81,000,000,000
(Rupees Eighty-One Billion Only) divided into 8,100,000,000 (Eight Billion One
Hundred Million) ordinary shares of Rs.10/- (Rupees Ten Only) each.

 

2-         To amend Clause V of Memorandum of Association and relevant
clause of Articles of Association accordingly.

 

 

 
Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

 

 

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