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The Federal Minister for Privatisation & Investment Dr. Abdul Hafeez Shaikh
will address the third Road Show for the Initial Public Offering (IPO) of
GoP's 2.5 % shares in Oil & Gas Development Company Limited (OGDCL) at Pearl
Continental Hotel, Lahore on October 21, 2003 (Tuesday).
Road shows held during the past two weeks at Islamabad and Karachi received
enthusiastic response from the general public and the investors and had
generated great interest among the potential individuals and the institutions
for this offer.
The Road Shows scheduled at other important cities of the country i.e.
Gujaranwala, Faisalabad, Peshawar, Mirpur (AJK), Quetta, Hyderabad etc; are
being held successfully under the auspices of Privatisation Commission and the
Lead Manager KASB Securities at the respective Chambers of Commerce.
Preference will be given to the smaller applicants for the minimum lot of 1000
shares for the Initial Public Offering (IPO) of 2.5 % shares (107.5 million
shares) of Oil & Gas Development Company Limited (OGDCL) with a green shoe
option of additional 2.5 % shares in case of over subscription, being offered
at a price of Rs. 32/ = per share.