FLYING CEMENT COMPANY LIMITEI)
March 30, 2022
The General Manager
Pakistan Stock Exchange LimitedStock Exchange Building, Stock Exchange Road
Karachi.
By PUCAR & Courier
STATUS OF SUBSCRIpnON OF RIGHT ISSUE
Dear Sir,
In compliance with clause 7 of Annexure - lI (Procedure to be complied with for rssue of right shares) to youl letter bearing No. PSX/C-ttL3-t27, dated March 20, 2022, we are pleased to inform you that pursuant to the Right Issue of the Flying Cement Company Limited (the Company), declared on January tB, 2022, the following summary of subscription has been received as of the last date of payment & acceptance of shares i.e. March 25,2022.
As per details received from the banker to the issue, i.€. Meezan Bank Limited, the details of the subscription is as under:
Total Issue Size | 300,000,000 sha res | Rs. 3,000,000,000f- |
Subscribed Amount | 200 ,995,L72 shares | Rs. 2,009,951 ,720/- |
Unsubscribed Amount | 99 ,004,828 sha res | Rs. 990 ,048,280/- |
Further, in accordance with the section 83(1)(a)(iv) of the Companies Act, 2017, the aforementioned unsubscribed shares will be offered and allotted to such persons as the Directors of the Company deem fit who have been duly authorized in this regard by the Board of Directors, before calling upon the underwriters to subscribe to any unsubscribed shares. The decision of the Board of Directors regarding the allotment of shares shall be communicated to the Exchange along with a certificate from the auditors of the Company confirming receipt of the entire amount of the Right Issue in due course.
You may please inform the TRE certificate holder of the Exchange accordingly. Yours Sincerely,
For Flyin g Cern eR Company Limited
Sha hid
(Company Secretary) CC: The Director
Surveillance Supervision Enforcement (SMD) Securities & Exchange Commission of Pakistan Islamabad
Head Office: 4-sarwar Colony, Sarwar Road, Lahore Cantt. Pakistan. Phone: +92-42-36674301-5 Lines, Fax: +9242-36660693
E-mail:info@flyingcement.com, Website: wwwflyingcement.com
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Flying Cement Co Ltd. published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 10:34:05 UTC.