Karachi: In continuation to our earlier communications regarding issuance of right shares by the company we hereby further confirm as under;
a) We shall abide by the Central Depository Company of Pakistan Limited (CDC) and Karachi Stock Exchange (KSE) procedures relating to issuance of right shares and deposit the unpaid right in De Mat (Book Entry) within time frame as stipulated under the CDC procedure vide CDC letter # FL/MAY-2011/OPS/039 dated May 30, 2011 as well as the KSE regulations vide letter # KSE/C-810-3370 dated May 30, 2011.
b) The payment of unpaid right letters will be made by cash or crossed cheque or demand draft or pay order made out to the credit of “JDW Sugar Mills Limited-right shares subscription account” through any branch of Habib Bank Limited in Pakistan as per tentative schedule submitted to you.
The Shareholders holding shares of the company in physical form should please note that under the CDC applicable shares procedures, the physical shareholders can renounce his letter of right (LOR) by routing through his own CDCIAS Account/ Sub Account to a share holder who is IAS Account holder or Sub Account Holder with CDC and no credit of right will be allowed in book entry form against subscription of physical Letter of Rights.
JDW Sugar Mills Limited
Tentative Schedule for issuance of Letter of Rights
Book Closure: from 23rd June to 30th June 2011 (both days inclusive)
|1.||Date of credit of unpaid Rights into CDS.||Friday||1.07.2011|
|2.||Dispatch of Letter of Right (LOR) to physical shareholders.||Saturday||02.07.2011|
|3.||Confirmation to be sent to Stock Exchanges for dispatch of Right Allotment Letters.||Wednesday||06.07.2011|
|4.||Commencement of trading of unpaid Rights on the Stock Exchanges.||Friday||08.07.2011|
|5.||Last date for splitting and deposit of Letters of Rights.||Thursday||04.08.2011|
|6.||Last date for trading of LoR (to be discontinued five business days prior to last payment date)||Friday||12.08.2011|
|7.||Last date of payment/ renunciation Letters of Right.||Thursday||18.08.2011|
|8.||Date of credit of shares through book entry into CDC.||Wednesday||07.09.2011|
|9.||Date of dispatch of Physical shares certificates.||Monday||19.09.2011|
For more information, contact:
Karachi Stock Exchange
Tel: +9221 111-001122
Fax: +9221 3241 0825, +9221 3241 5136