The Karachi Stock Exchange (Guarantee) Limited’s disclosure of acquisition of shareholding in Atlas Battery Limited

The Karachi Stock Exchange (Guarantee) Limited’s disclosure of acquisition of shareholding in Atlas Battery Limited

Karachi: Enclosed please find herewith copy of a letter dated June 27, 2011 received from Shirazi Capital (Pvt.) Limited, contents of which you will find self explanatory.

We shall appreciate, if you please let us know immediately the aggregate shareholding of 2,514,584 ordinary shares of your company pursuant to acquisition by Shirazi Capital (Pvt.) Limited.

This information is required in order to ascertain the disclosure requirements under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002.

It is to inform you that Shirazi Capital (Private) Limited has acquired the 549,600 shares of Atlas Battery Limited through Summit Capital (Private) Limited- Member Karachi Stock Exchange (Guarantee) Limited. This information is provided to you as per proviso of section 4 of the Listed Companies (Substantial Acquisition of Voting Shares and Take-overs) Ordinance, 2002. The shareholding of the Company in Atlas Battery Limited is under:

 

Shareholding as of June 26, 2011 1,964,984 shares i.e. 19.52% of voting shares
Shares acquired as above 549,600 shares i.e. 05.45% of voting shares
Total shareholding after above acquisition 2,514,584 shares i.e. 24.97% of voting shares

 

Above mentioned shares of Atlas Battery Limited are acquired in electronic form through Central Depository Company of Pakistan Limited.

Mr. Yusuf H. Shirazi and Mr. Ali H. Shirazi, directors of the Company are also director and Chief Executive Officer of Atlas Battery Limited respectively.

Please refer to your letter No.KSE/C294-4060 dated June 29, 2011, on the captioned subject.

We are pleased to inform you that the aggregate shareholding of M/s. Shirazi Capital (Pvt.) Limited in our Company is 2,514,584 shares as on June 30, 2011 according to the beneficial owners list provided by Central Depository Company of Pakistan Limited.

For more information, contact:
Muhammad Ghufran
Deputy General Manager – Companies Affairs
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

Leave a Reply