|
|
|
|
|
The Federal Minister for Privatisation & Investment Dr. Abdul Hafeez Shaikh
will address the first presentation to the investors being made by the Lead
Manager KASB Securities, for the Initial Public Offering (IPO) of 2.5 % shares
of Oil & Gas Development Company Limited (OGDCL) with a green shoe option of
additional 2.5 % shares at Marriott Hotel, Islamabad on
October 9, 2003 (Thursday) at 4 p.m. (Sharp). It will be followed by
presentations to the members of Karachi, Lahore and Islamabad Stock Exchanges.
The Cabinet Committee on Privatisation (CCOP) gave approval on September 27,
2003 in a meeting held under the chairmanship of the Finance Minister Mr.
Shaukat Aziz, to the initial public offering (IPO) of 2.5 % shares of Oil &
Gas Development Company Limited (OGDCL) at a price of Rs.32 per share with a
green shoe option of another 2.5 % shares. The divestment of shares through
Stock Exchange would help in broadening and deepening the stock market and to
transfer the benefits of privatisation to the common man in the most
transparent way.