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All arrangements have been finalized to hold Road Shows at Karachi and
Lahore for the Public Offering of 5 % GoP shares in Sui Southern Gas Company (SSGC)
a company listed on the Stock Market since 1956.
It will be the first secondary Public Offering of SSGC shares being made in
accordance with the government's policy to strengthen, broaden and deepen the
base of the Stock Market.
Dr. Abdul Hafeez Shaikh Federal Minister for Privatisation & Investment will
address the Road Shows while the company management will highlight the salient
features of the company.
Road Show at Karachi will be held at Pearl Continental Hotel, on January 16,
2004 Friday at 5 p.m. while Road Show at Lahore will be conducted at Pearl
Continental Hotel, on January 19, 2004 Monday at 5.30 p.m. The general public
and the investors are invited to participate in these Shows to obtain
necessary information regarding the Public Offering of SSGC.
Preference will be given to the smaller applicants for the minimum lot of 1000
shares for the Initial Public Offering (IPO) of 5 % shares (33.56 million
shares) of Sui Southern Gas Company Limited (SSGCL) with a green shoe option
of additional 5 % shares in case of over
subscription, being offered at a price of Rs. 26/ = per share including a
premium of Rs. 16/=. PC expects total proceeds from 10 % shares offering to
the tune of Rs. 1.74 billion.
The Government of Pakistan holds 70.43 % shares of SSGCL while 29.57 % shares
are with the general public and institutions.