Karachi, May 30, 2012 (PPI-OT): We are enclosing herewith Auditor’s Certificate regarding the receipt of subscription money of Rs. 50 million in our bank account.
Please issue NOC in the name of M/s is Bank Limited for the release of subscription amount.
Auditors’ Certificate on Receipt of Subscription Against Right Issue of Shares
As requested, based on verification from books and records of Shaheen Insurance Company Limited (the Company), we certify that the Company has received full amount of Rs. 50,000,000 upto May 28, 2012 in cash as subscription against right issue of shares. The details of receipt are as under.
|Underwriter – Ensign Communique (Private) Limited||36,762,250|
The revised paid up capital of the Company after right issue of shares will be as follows:
|Existing paid up share capital||250,000,000|
|Right issue of shares||50,000,000|
|Revised paid up share capital||300,000,000|
The issue of right shares (at per) was approved by the Board of Directors of the Company in their meeting held on November 24, 2011.
This certificate is being issued on the specific request of the management of the Company for submission with the Karachi Stock Exchange (Guarantee), Limited, Lahore Stock Exchange (Guarantee) Limited, Islamabad Stock Exchange (Guarantee) Limited and Central Depository
Company of Pakistan Limited.
For more information, Contact:
Anjum Asim Shahid Rehman
Shaheen Insurance Company Limited
10th Floor Shaheen Complex,
M. R. Kayani Road. Karchi-74200, P.O. Box #707
Tel: # (9221) 32630370-75(6Lines)
Fax: # (9221) 32626674