REG - United Bank Limited - Financial Results for the 1st Qtr 2025 of UBL

United BankAnnouncement

17/04/2025 12:15

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RNS Number : 3328F  United Bank Limited  16 April 2025

     Secretary's Department

 

UBL/BOD-255/PSX/Results/25

 

             16 April 2025

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange
Road,

Karachi

 

Dear Sir,

Financial Results for the 1(st) Quarter Ended 31 March 2025

 

We have to inform you that the Board of Directors of United Bank Limited
("UBL") in their 255(th) meeting held on Wednesday, 16 April 2025 at Islamabad
at 10:00 a.m. inter-alia recommended the following:

 

(i)   Cash Dividend

 

An Interim Cash Dividend for the Quarter ended 31 March 2025 at Rs.11/- per
share i.e.110%.

 

The above entitlement of Dividend will be paid to the shareholders whose names
will appear in the Register of Members (with their IBAN details) on Tuesday 29
April 2025.

 
 

The Share Transfer Books of UBL will remain closed from 30 April 2025 to 02
May 2025 (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
Tuesday 29 April 2025 will be treated in time for the purpose of payment of
interim cash dividend.

 

(ii)  Bonus Shares

--- NIL ---

 

(iii) Right Shares

--- NIL ---

 

(iv)  Any Other Entitlement / Corporate Action

--- NIL ---

 

(v) Any Other Price-Sensitive Information

 

In accordance with the requirements of Securities Act, 2015 and the PSX
Regulations, this is to inform you that the Board of Directors also
recommended the following for approval of the shareholders:

 

1-   Sub division of shares: to subdivide the face value of shares of UBL
from Rs.10/- per share to Rs.5/- per share, in accordance with the section
85(1)(c) of the Companies Act, 2017 in the ratio of 02 shares for 01 share
held.

2-   Amendment to the relevant clause / article of Memorandum and Articles
of Association to reflect the proposed sub division of shares.

 

The Board has also decided to convene an Extraordinary General Meeting (EOGM)
of UBL on Thursday, 15 May 2025 at Islamabad for the consideration and
approval of sub division of shares and above-mentioned amendment to Memorandum
and Articles of Association of UBL.

 

The Share Transfer Books of UBL will remain closed from Thursday, 08 May 2025
to Thursday 15 May 2025 (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-75500, at the close
of business on Wednesday 07 May 2025 will be treated in time for the purpose
of attending and voting at the EOGM].

 

The above-mentioned decisions of the Board are subject to requisite corporate
and/or regulatory approvals.

 

Following documents are attached as:

 

Annexure-A (Unconsolidated)

 

1.   Standalone Statements of Financial Position

2.   Standalone Statements of Profit and Loss

3.   Standalone Statement of Changes in Equity

4.   Standalone Statements of Cash Flows

 

Annexure-B (Consolidated)

 

1.   Consolidated Statements of Financial Position

2.   Consolidated Statements of Profit and Loss

3.   Consolidated Statement of Changes in Equity

4.   Consolidated Statements of Cash Flows

 

Annexure-C (Disclosure Form)

 

The quarterly financial statements (Quarterly Report) of the Bank for the
1(st) Quarter ended 31 March 2025 will be transmitted through PUCARS
separately, within stipulated time.

 

Yours faithfully,

 

 

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

C.C. to:

1)   London Stock Exchange.

2)   The Commissioner, Enforcement & Monitoring Division, Securities and
Exchange

Commission of Pakistan, NIC Building, Jinnah Avenue, Islamabad.

 

 

 

 

 

 

 

"ANNEXURE - C"

DISCLOSURE FORM

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

 Name of Company:                    United Bank Limited
 Date of Report:                     16 April 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 inside information by listed company in terms of section
15D

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

In accordance with the requirements of Securities Act, 2015 and the PSX
Regulations, this is to inform you that the Board of Directors also
recommended the following for approval of the shareholders:

 

1-   Sub division of shares: to subdivide the face value of shares of UBL
from Rs. 10/- to Rs. 5/- per share, in accordance with the section 85(1)(c) of
the Companies Act, 2017 in the ratio of 02 shares for 01 share held.

2-   Amendment to the relevant clause / article of Memorandum and Articles
of Association to reflect the proposed sub division of shares.

 

The Board has also decided to convene an Extraordinary General Meeting (EOGM)
of UBL on Thursday, May 15, 2025 at Islamabad for the consideration and
approval of sub division of shares and above-mentioned amendment to Memorandum
and Articles of Association of UBL.

 

The Share Transfer Books of UBL will remain closed from Thursday, 08 May 2025
to Thursday, 15 May 2025 (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-75500, at the close
of business on Wednesday 07 May 2025 will be treated in time for the purpose
of attending and voting at the EOGM].

 

The above-mentioned decisions of the Board are subject to requisite corporate
and/or regulatory approvals.

 

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

Dated: 16 April 2025

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