REG - United Bank Limited - Financial Results of 4th Qtr. 2024 of UBL

United BankAnnouncement

19/02/2025 13:30

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RNS Number : 7404X  United Bank Limited  19 February 2025

             Secretary's Department

             UBL/BOD-254/PSX/Results/25

             19 February 2025

    The General Manager

    Pakistan Stock Exchange Limited

   Stock Exchange Building,

   Stock Exchange Road,

   Karachi.

 
 
 

  Dear Sir,

FNANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024

  We have to inform you that the Board of Directors of the Bank in their
254(th) meeting held on Wednesday, 19 February 2025 at

  Islamabad at 10:00 a.m. inter-alia recommended the following:

(i)            Cash Dividend

A Final Cash Dividend for the year 31 December 2024 at Rs.11/- per share
i.e.110%. This is addition to interim cash dividend already paid at Rs.33/-
per share i.e.330%

 

(ii)           Bonus Shares

Nil

 

(iii)          Right Shares

Nil

 

(iv)         Any Other Entitlement / Corporate Action:

Nil

 

(v)          Any Other Price-Sensitive Information:

"With a view to strengthen the regulatory capital adequacy and support long
term strategic plan of the United Bank Limited ("Bank"), the Board of
Directors has accorded its approval for the Bank to issue privately placed
and listed Additional Tier 1 instruments in accordance with the minimum terms
and conditions as prescribed under the Basel III guidelines issued by the
State Bank of Pakistan vide BPRD Circular No. 6 of 2013 dated August 15, 2013
of up to PKR 20 billion (inclusive of green shoe option) ("Proposed ADT 1
Issuance"), subject to obtaining of all applicable corporate and regulatory
approvals and completion of necessary formalities."

 

Following Statements 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

The 66(th) Annual General Meeting of the Bank will be held on Wednesday 09:30
a.m. 19 March 2025 at Islamabad.

 

The Share Transfer Books of the Bank will be closed from 13 March 2025 to 19
March 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
Wednesday, 12 March 2025 will be treated in time for the purpose of above
entitlement to the transferees.

 

Annual Report of the Bank will be transmitted through PUCARS at least 21 days
before the date of Annual General Meeting.

 

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:                     19 February 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

 

  a  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.

"With a view to strengthen the regulatory capital adequacy and support long
term strategic plan of the United Bank Limited ("Bank"), the Board of
Directors has accorded its approval for the Bank to issue privately placed
and listed Additional Tier 1 instruments in accordance with the minimum terms
and conditions as prescribed under the Basel III guidelines issued by the
State Bank of Pakistan vide BPRD Circular No. 6 of 2013 dated August 15, 2013
of up to PKR 20 billion (inclusive of green shoe option) ("Proposed ADT 1
Issuance"), subject to obtaining of all applicable corporate and regulatory
approvals and completion of necessary formalities."

 

           Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

 

 

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