BankIslami Pakistan : Reminder to Shareholders for Conversion of Physical Shares into Book Entry and Updates Mandatory Details

NOTICE TO SHAREHOLDERS FOR CONVERSION OF PHYSICAL SHARE OF BANKISLAMI PAKISTAN LIMITED INTO BOOK ENTRY FORM AND TO UPDATE THE MANDATORY BANK ACCOUNT DETAILS, MANDATORY OTHER DETAILS.

With reference to the provisions of Section 72 of the Companies Act, 2017, Securities and Exchange Commission of Pakistan, through its letter No. CSD/ED/MISC/2016-639-640 dated March 26, 2021, has required listed companies to replace the existing physical shares issued by them into Book Entry Form. In compliance to regulatory requirement, shareholders of BankIslami Pakistan Limited holding physical share certificates are requested to convert their physical shares certificates into Book Entry Form. Shareholders who have not yet collected their unclaimed physical share certificates are requested to collect from Bank's Share Registrar and convert it in book entry form in compliance to regulatory requirement. Shareholders of Bank may contact their Broker (a PSX member), CDC Participant or CDC Investor Account Services Department of Central Depository Company of Pakistan Limited for assistance in opening CDC Account.

The aforementioned conversion will benefit to shareholders i.e readily available share(s) for sale and purchase at better rates; instant credit of entitlements (bonus shares and rights shares); and eliminate the risk of loss of shares, etc.

Further, pursuant to Section 242 of the Companies Act, 2017, SECP S.R.O 421(1)/2018 dated April 02 2018, and SECP letter No. CL/CSD/MISC/2014-30 dated March 19, 2021, it is mandatory for the listed companies to pay Cash Dividend to their Shareholders only through electronic mode directly into Shareholders' Bank Account, instead of issuing physical Dividend Warrants. Shareholders those who have not yet provided the IBAN are requested to contact the Bank's share registrar at the below address or Broker (a PSX member), Participant/Investor Account Services of Central Depository Company of Pakistan Limited (as the case may be) and provide complete bank details and comply regularity requirement.

According to Section 119 of the Companies Act, 2017 and Regulation 19 of the Companies (General Provisions and Forms) Regulations, 2018, physical shareholders are advised to provide their mandatory information such as CNIC number, address, email address, contact mobile / telephone number, International Bank Account Number (IBAN), etc. to Bank's Share Registrar at their below address immediately, if not provided to avoid any non-compliance of law or any inconvenience in future.

CDC Share Registrar Services Limited,

Head Office, CDC House, 99-B, Block "B", S.M.C.H.S. Main Shahrah-e-Faisal

Karachi-74400 Tel: (92) 0800-23275 Fax: (92-21) 34326053

URL: www.cdcsrsl.com, Email: info@cdcsrsl.com

On behalf of the Bank

Dated: September 05, 2023-sd- Muhammad Shoaib Company Secretary



 

                     

                        

  

IBAN                

            /    

   19  2018   119 2017 

IBAN telephonemobilee-mail  CNIC