Karachi, November 30, 2012 (PPI-OT): This is with reference to your letter no. KSE/C-567-8371 dated November 28, 2012. Please note that as per requirement of Notification (S.R.O. 831 (1)/ 2012) issued by the Securities and Exchange Commission of Pakistan (SECP) on July 5, 2012 directing all listed companies to issue dividend warrants as below:
– only crossed as “A/C Payee Only” in the name of registered shareholder (s)/authorized person, and
– bearing “CNIC Numbers” of the registered shareholder (s)/ authorized persons, except in case of minor/ corporate shareholder (s).
Consequently, we applied SECP for relaxation of the said SRO through our letter dated November 13, 2012 (copy attached to the letter) as CNIC Nos. of 6,707 certificate holders out of total 8,931 certificate holders were not available. Meanwhile, dividends warrants to certificate holders (whose CNIC Nos. were available) were dispatched on November 17, 2012. We are in process to seek relaxation from SECP to dispatch dividend warrants withheld due to above mentioned SRO.
Inadvertently, the above facts could not be communicated to your office in due time. We regret inconvenience caused.
For more information, contact:
Standard Chartered Modaraba
4th Floor, Standard Chartered Bank,
P. O. Box No 5556, I.I. Chundrigar Road,
Karachi, 74000 Pakistan.
Tel: (021) 3245 0000
Fax: (021) 3814 0803- 3240 0200