REG - United Bank Limited - DISCLOSURE OF MATERIAL INFORMATION

United BankAnnouncement

23/05/2025 11:45

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RNS Number : 0099K  United Bank Limited  23 May 2025

 

 

 

Secretary's Department

 

SD/UBL/PSX/Sub-Division/NoC-SBP /25

 

23 May 2025

 

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road

Karachi

 

Dear Sir,

DISCLOSURE OF MATERIAL INFORMATION

 

In accordance with the applicable provisions of the Securities Act, 2015 and
Rule Book of the Pakistan Stock Exchange Limited ("Exchange"), we hereby
convey the following information:

 

"This is in continuation of our disclosure dated May 16, 2025, wherein it was
communicated that the shareholders of United Bank Limited ("Bank") had
approved the subdivision of the Bank's existing share capital, comprising
authorized, issued, and paid-up capital, such that each one (01) ordinary
share of face value of PKR 10/- would be subdivided into two (02) ordinary
shares of face value of PKR 5/- each. This subdivision does not alter any
rights, privileges, or entitlements attached to the shares. The implementation
of the shareholders' resolution was subject to obtaining the State Bank of
Pakistan's ("SBP") approval / No Objection for the necessary amendments in the
Bank's Memorandum and Articles of Association.

 

We are pleased to inform you that the SBP, vide its letter dated 21 May 2025,
has conveyed its "No Objection" to the proposed amendments in the Memorandum
and Articles of Association of UBL   reflecting the approved subdivision of
the share capital of the Bank.

 

The Bank will continue to keep the Exchange informed of any material
developments on this matter."

 

You are requested to disseminate the above information to TREC Holders of the
Exchange.

 

Kind regards,

 

       Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

Copy to:

 

1)   HOD, Supervision Division, Securities and Exchange Commission of
Pakistan, NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.

 

2)   London Stock Exchange

 

 

 

 

"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:                       23 May 2025
 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 Number: 021-990332960/

                                       021-32400419

 

Disclosure of Material Information by Listed Company in Terms of Section 96
& 131 of the Securities Act, 2015.

 

"This is in continuation of our disclosure dated May 16, 2025, wherein it was
communicated that the shareholders of United Bank Limited ("Bank") had
approved the subdivision of the Bank's existing share capital, comprising
authorized, issued, and paid-up capital, such that each one (01) ordinary
share of face value of PKR 10/- would be subdivided into two (02) ordinary
shares of face value of PKR 5/- each. This subdivision does not alter any
rights, privileges, or entitlements attached to the shares. The implementation
of the shareholders' resolution was subject to obtaining the State Bank of
Pakistan's ("SBP") approval / No Objection for the necessary amendments in the
Bank's Memorandum and Articles of Association.

 

We are pleased to inform you that the SBP, vide its letter dated 21 May 2025,
has conveyed its "No Objection" to the proposed amendments in the Memorandum
and Articles of Association of UBL   reflecting the approved subdivision of
the share capital of the Bank.

 

The Bank will continue to keep the Exchange informed of any material
developments on this matter."

 

 
Sd/-

 

 
 
Aqeel Ahmed Nasir

Company Secretary & Chief Legal Counsel

Dated:  23 May 2025

 

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