Karachi: Further to our letter No. NMBL/KSE/CS dated May 19, 2011 and in order to meet with the requirement of the State Bank of Pakistan and further in accordance with clause (xxiii) of the Listing Regulation No.35 under Code of Corporate Governance, we are pleased to convey the following further information:-
Our Board of Directors at the meeting held today, June 6, 2011, have passed a resolution for permitting the Auriga Group of Investors, the potential acquirers of 70.82% the Shares of our Company from our holding company i.e. Jahangir Siddiqui and Company Limited to conduct due diligence of our Company, subject to the final clearance of and within the parameters permitted by the State Bank of Pakistan and compliance by the potential acquirers of all applicable laws, rules and regulations.
For more information, contact:
Rafat Abbas
Company Secretary
Network Microfinance Bank Limited
202, Azayam Plaza,
Opp.FTC Building S.M.C.H.S. Shahra-e-Faisal,
Karachi, Pakistan
PABX: +9221 34311723-25
Fax: +9221 34311722
E-mail: info@networkmicrobank.com
Website: www.networkmicrobank.com