e Karachi 68% RIGHTS ISSUE AT PREMIUM OF PKR 10(1 e

PAKISTAN STOCK EXCHANGE LIMITED
PSX/N-920
N0TICE
February 19, 2016
Reproduced hereunder letter dated February 12, 2016 received from GHANI GASES LIMITED, alongwith
the relevant details/information pertaining to issuance of Rights letters by the Company and the schedule of
trading, for information of all concerned.
(Copy of the same is also available on our Website www.psx.com.pk).
ry
Manufacturers of Industrial & Medical Gases
.
Fe brua" 12,2016.
M Corporate Affairs
Karachi Stock Exchange Limited
Karachi Stock Exchange Building/Road,
Karachi
68% RIGHTS ISSUE AT PREMIUM OF PKR 10(1 e PKR 20) PER SHARE
Dear Sirs
- We shall abide by the- CDC and PSX procedures relating to Right Shares and shall deposit'he unpaid
right in (Book Entry) within the time frame as stpu1ated under the CDC procedure le.tte,
FL/SEP2O13/OPS/028 dated September 26th, 2013 as well asKSE Regulations
Tbe payment of unpaid Right Letter will be made by cash r crossed cheque or demand draft Qip
oWer made out to the credit of "GHANI GASES L[MFTED RIGHT ISSUE SUBSCRIPTION ACCO
through any of the branch of 1) Al Barak Bank (Pakistan) Limited, 2flhe Bank of Punjab Limited'3
.kari Bank Urnited 4) Duba, Islamic Bank Pakistan Limited (IN WI-ItCH THE RIGHTS ACCOUNT IS_
MADE) in akstan as per tentative schedule submitted to you,-
Qz
-
- The Shareholders holding shares of the Company in physical form should please note thatunderth
CDCApplicable Right Shares procedures, the physical shareholders can renounce his/her-letterof
Right (LOR) by routing through his/herbn CDC IASAccoUnt/SUl -ACCOUflttO a shareholder whar
sub accountIer with CDC and nocreditof Right Shar?s will be allowed
thélAS account
- hrdèYor
.._. - .. against
subscription bf'hysical Letter of Right (LOR1
in bockettry forn
-
-F.
.
We shall request QU to approve the letter of intimat on, Letter of Right to physical Shareholders, Circulat
under Section 86 and the tentative schedule of right issue and Rights Subscription Request which are.
ç. earlier provided to you
Should you need any other document/information, please cqrntact the undersigned
.lhanKingyou
For Ghani a
Name Fa rza d
Designation r
I ited
ar& Company Secretary -'•
..
.
Ecis As stated above
rAttof
- - - •-,.-,. ,
,.
- -
.
.
7 GL.li
C
Ghan Global Group
GRAM GASES LIMITED
Manufacturers of Industrial & Medical Gases
GHANI GASES LIMITED
TENTATIVE—SCHEDULE OF RIGHT ISSUE
Dates
Activities
1
2
Notice of Book Closure and Rights announcements to Stock
Exchange (14 days notice) and to be pubished in English &
Urdu Newspapers
Friday, January 29, 2016
Book Closure (end)
Monday, February 22, 2016
Credit of unpaid Rights into CDC in Book Entry Form
Tuesday, February 23, 2016
Iiiance of Letter of Rights (LOR) to physical shareholders
5
Confirmation to be sent to the PSX for dispatch of rights
-allotment letters
Thursday, February 25, 2016
Friday, February 26, 2016
6
Comencement of trading of LORs on the Stock Exchanges
Monday, February 29, 2016
7
Last date of splitting of physical Letter of Rights (LOR)
-Thursday, March 24, 2016
Monday, April 04, 2016
8 Last date of trading of LOR
Last date for
Ipayment of shares in book
entry and physical form.
10 Allotment of shares and credit of book entry of shares
. into CDC
9
Disptach of Phi[Sh
Ceifcate
Monday, April 11, 2016
Friday, April 29, 2016
Wednesday, May 11, 2016
-
For and on bqha4 of
1A•Ttf1A
FARZAND ALl
Director & Cioi
Corporate Office:
/retary
GGL.I
GGL-H
C-,7
GHANI GASES LIMITED
Corporate Office 10-N, Model Town Ext.,Lahore 54000, Pakistan
Tel 042-35161424-5, Fax 042-35160393
Share Reji
m THK Associates (Private) Umlted, 2nd Floor, State We Building #3
-
Dr Zlauddin Ahrnad Road, Karachi UAN 111-000-322 Fax 021-3565595
IMPORTANTI NOTES AND INSTRUCTIONS FOR DEALING WITH THIS:LETTER ARE GIVEN ON PAGE 2 WHICH SHOULD BE
CAREFULLY READ AND FOLLOWED
--
INTIMATION LETTER REGARDING RIGHT ENTITLEMENTS CONFIRMATION
•.........•
issue of 50,506,711 ordinary shares to be issued at Rs 20 per share including a premium of Rs 10 per share, amounting to
.
.
.
1,G10,134,220/-.payable on acceptance th or before Monday; April 11, 2016
.
: .
Date February 25, 201
Dear Shareholder(s),
Inaccordance with the provisions of section 86(1) of the Companies Ordinance, 1984 and the provisions of the Companres (Issue øf Capital)
Rules, 1996 arid the decision of the Boarctof Directors of the Company, we are pleased to inform you that your right offer In the ratio of 68
(Sixty Eight) shares for every 100 (Hundred) Shares registered in your name as of February 15, 2015 have been credited Into your CDS
Account. Thus, physical letter of nght Is not required to be issued to you
CDC Account Number
Number of Shares Held
Right Offer Credited
This rightoffer is now available fortrading and settlement in bookentry form as perscheduled dates of trading i.e. from Monday, February 29,
2016 to Monday, April 04,2016.
The right offer © Rs. 20 per share must be accepted and paid for in fliD to the extent of such subscription on or before April 11, 2016. For the
purpose of exercising the rIglitbffer,.iói will have to request the CDC participant/investor Account Services (lAS) department (on behalf of
'AS account ho!ders) to initiate Right—ubscription Request Transaction into CDS on your beha!f. Upon execution of right subscription request,
.DC participant/lAS department will provide two copies Right Subscription Request printout to you to make the payment withauthorized
banker(s) to the right issue as mentioned MW right subscription requestprintout.
If any right offer is not taken up by the CDCaccount holder on or before Monday, April 11, 2016 the these right offers shall be deemed to have
been declined by you and will be treatedas cancelled. In that event these will be taken by the underwriters and/or In accordance with the
-decislonoftheboardofdirect&.___
The fractional right entitlements will be consolidated of on the Stock Exchange and proceeds of such sale will be-distributed in due course by
the company in the manner prescribed under the provision of applicable laws and its articles of association.
Please note the Right Subscription Request has been initiated by CDC Participant/lAS department into CDS, right offer to extent included in
such request will be blocked and thereof cannot be traded further.
Please also note that ordinary shares against paid Right Subscription Request will be credited Into your respective CDS account within. 14
business days from the last payment date.
Circular under section 86(3) of the Companies Ordinance, 1984 along with trading and payment details are enclosed.
Your Faithfully
C
Ghani Global Group
GHANI GASES LIMITED
Corporate Office: 10-N, Model Town Ext., Lahore-54000, Pakistan
Tel: 042-35161424-5, Fax: 042-35160393
Share Registrar: THK Associates (Private) Limited, 2nd Floor, State Life Building # 3
Dr. Ziauddin Ahmad Road, Karachi. UAN: 111-000-322 Fax: 021-3565595
PAYMENT OF RIGHT OFFER BY CDS ACCOUNT HOLDERS
Details of Trading, Subscription and Credit of right securities for CDS Account holders:
p
ivities
e of commencement of trading of unpaid right at Stock Exchange.
Date
Monday, February 29, 2016
Last date of trading of unpaid right
Monday, April 04, 2016
Subscription of right offer start date
Monday, February 29, 2016
Last date of subscription of right offer
Monday, April 11, 2016
Date of credit of right shares into CDS
Friday, April 29, 2016
PAYMENT PROCEDURES:
1)
BANKERS TO THE RIGHT ISSUE: (ALL BRANCHES IN PAKISTAN)
1- Al Baraka Bank (Pakistan) Limited 2- The Bank of Punjab Limited 3-Askari Bank Limited 4-Dubai Islamic Bank
Pakistan Limited
2)
EXERCISING THE RIGHT OFFER IN CDS:
For subscription of right offer, CDS account holder will request in writing to his /her CDC participant / lAS
Department to initiate Right Subscription Request into CDS on his/ her behalf and CDC participant I lAS
Department will provide him/her two copies of Right Subscription Request printouts enabling him/her to make the
payment with authorized bankers to the right issue.
Right Subscription Request can be initiated for full or partial right offer.
a)
b)
3) PAYMENT:
a) Payment as indicated on Right Subscription Request should be made by cash or crossed cheque or demand draft
or pay order- made out to the credit of "Ghani Gases Limited-Right Shares Subscription Account"through any of
th
the --authorized
of 1-Al- Barka -Bank (Pakistan) Limited 2- The Bank of Punjab Limited 3-Askari Bank
Limited 4-Dubai Islamic Bank Pakistan Limited on or before Monday, April 11, 2016 long with Right Subscription
Request duly filled in and signed by the subscriber(s).
b) In case of non-resident Pakistani / Foreign shareholder, the demand draft of equivalent amount in Pak Rupees
should be sent to the company Secretary, Ghani Gases Limited at the registered office of the company along with
the Right Subscription Request (both copies) duly filled and signed by the subscriber(s) with certified copy of
NICOP/ Passport well before the last date of payment.
c) All cheques and drafts must be drawn on a bank situated in the same city where Right Subscription Request is
deposited. Cheque is subject to realization.
d) The bank will not accept Right Subscription Requests delivered by post which may reach after the closure of
business on Monday April 11, 2016, unless evidence is available that these have been posted before the last date of
payment.
4)
a)
b)
ACCEPTANCE OF PAYMENT THROUGH RIGHT SUBSCRIPTION REQUEST:
Payment of the amount indicated on Right Subscription Request to the Company's Bankers to the issue on or
before April 11, 2016, shall be treated as acceptance of the Right offer.
Two copies of Right Subscription Requests should be handed over to the Company's Bankers to the issue intact.
Client's copy of Right Subscription Request will be returned to the subscriber whilst Issuer's copy will be retained
by the Bankers for onward transmission to the Company. The client's copy must be preserved and retained safely
by the subscriber.