Karachi: Preference Shareholders of the balance face value of Rs. 2 billion have given notice to the Company to exercise their option to convert their Preference Shares into ordinary shares of Fatima Fertilizer Company Limited (FATIMA).
The Preference Shareholders have offered to convert their preference Shares of the face value Rs. 10/- into ordinary shares at higher of Rs. 20/- or at a discount of 20 percent to weighted average price of sixty days from the date of Notice.
It is hereby informed that the ordinary shares to be issued in lieu of preference shares shall be pari passu in every respect except they will not be eligible for the dividend declared by the Company for the year ended December 31, 2011.
For more information, contact:
Ausaf Ali Qureshi
Fatima Fertilizer Company Limited
Lahore Cantt, Pakistan
PABX: +92-42-111-FATIMA (111-328-462)