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The final road show is being held under the auspices of Privatisation
Commission (PC) at Holiday Inn, Multan on June 4, 2005 (Saturday) to create
awareness regarding Initial Public Offering (IPO) of United Bank Limited (UBL)
shares. The show is open for the general public. PC has already conducted
similar road shows at Karachi, Peshawar, Hyderabad, Lahore, Quetta, Sukkur and
Faisalabad, which were largely attended by the people of the respective areas.
The subscription for Initial Public Offering (IPO) of United Bank Limited (UBL)
shares opened today (Friday) witnessed long ques in the banks and the stock
exchanges, which will continue till June 8, 2005 (Wednesday) during banking
hours.
The offer is being made to the general public at the rate of Rs.50/- per
share. With a view to benefiting a larger cross section of the general public,
only 200 shares per applicant are being offered requiring a total investment
of Rs.10,000/- only. The offer will benefit 388,500 Pakistani citizens.
Continuing on the "Privatisation for the People" program of divestments shares
of United Bank Limited ('UBL') through Karachi, Lahore and Islamabad Stock
Exchanges and offer 10% shares to the general public with a green shoe option
of additional 5% shares. The application forms can be downloaded from PC web
site: www.privatisation.gov.pk
or from the newspapers of June 3, 2005.
The Pakistani citizens, both, resident as well as overseas are being regularly
advised, to get their Computerized National Identity Cards (CNIC) and open
their Bank and CDC accounts to avoid any inconvenience while submitting their
applications. The Bankers to the offer have been issued instructions to guide
and facilitate the applicants in this regard.