Karachi: We have to inform you that the Board of Directors of the Company in their meeting held on Wednesday May 18, 201 1 at 4.30 PM at Registered Office of the Company 203 Faiyaz Centre, 2nd Floor, 3-A, S.M.C.H. Society Shahrah-c-Faisal Karachi have decided to issue 33.2% Right Shares at Par value to the existing shareholders of the Company subject to the relaxation of the requirement of Rule 5 (v) of the Companies (issue of Capital) Rules, 1996 pertaining to the Underwriting of right issue for which an application is being made to the Securities and Exchange Commission of Pakistan (the “SECP”),
2. The book closure to determine the entitlement of right shares will be announced on receipt of aforesaid approval from the SECP. Other requirements of the right issue will be complied with as soon as we receive SECP approval.
3. You may please inform the members of the Exchange accordingly.
For more information, contact:
Asif P. Khawaja
Ruby Textile Mills Limited
35-Industrial Area, Gulberg – III,
Lahore – 54680, Pakistan.
Tel: +9242 3576-1243-44
Fax: +9242 3576-1222