Karachi: In continuation to our letter dated July 18, 2011 enclosing therewith the required documents for Issuance of 33.2% right shares of the Company at Par value of Rs. 10 each, we hereby further confirm as under: –
i) That we shall abide by the CDC and KSE procedures relating to right shares and shall deposit the unpaid right in De Mat (Book Entry) within time frame as stipulated under the CDC procedures as well as the KSE Regulations.
ii) The payment of unpaid right letters will be made by cash or crossed cheque or demand draft or pay order made out to the credit of “Ruby Textile Mills Limited Right Shares Subscription Account” through any of authorized branches or Habib Metropolitan Bank Limited on Pakistan as per tentative schedule already submitted to you vide our above referred letter.
2. The shareholders holding shares of the Company in physical form should please note that under the CDC applicable right share procedures, the physical shareholder can renounce his/her Letter of Rights (LOR) by routing through his/her own CDC IAS Account/Sub-Account to a shareholder who is the IAS Account holder or Sub-Account holder with CDC and no credit of right shares will be allowed in book entry form against subscription of physical Letter of Rights (LORs).
Ruby Textile Mills Limited Tentative Schedule for Issuance of 33.2°% Ordinary Right Shares
|Book Closure||29-07-2011 To 04-08-2011
(Both days Inclusive)
|Last Date lot Credit of Un-paid Right Shares in CDS and Confirmation to Stock Exchanges||05-08-2011|
|Last Date for Dispatch of Physical Letters of Rights||08-08-2011
|Intimation to Stock Exchange(s) for dispatch of Physical Letters of Rights||09-08-2011
|Commencement of trading on Stock Exchanges||12-08-2011
|Last Date for splitting and deposit of Requests into CDS||08-09-2011
|Last Date of Trading||16-09-2011
|Last Date of acceptance/payment/renunciation Of Right Allotments Letters||23-09-2011
|Intimation to Stock Exchange about Subscription Money||03-10-2011
|Physical Share Certificates Ready for Exchange||22-10-2011
For more information, contact:
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136