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The Privatisation Commission has announced that the share certificates
along with Transfer Deeds of Oil & Gas Development Company Limited (OGDCL)
Secondary Public Offering (SPO) have been delivered to the Bankers to the
offer. Applications have been advised to collect their Shares Certificates
from the respective Bank (Branch) through which they tendered their
applications.
Applicants who have opted for scripless securities in the Central Depository
Systems have been given credit in their respective CDC accounts. For signature
verification and transfer of Shares, the successful applicants should contact
the balloter Nobel Securities Services, 2nd floor Sohni Centre B5 566, Main
Karimabad Block-4, Federal B Area, Karachi on phone: 021-6801880-82 &
6801610-11 Fax: 021-6801129 email: www.ncsl@noble.computers.com All
applications for 500 shares havew been accommodated. Applications of over 500
shares are being allotted on pro rata basis according to the basis of
allotment published in OFSD.
The total number of OGDCL Shares offered by the Privatisation Commission was
21,505,000 million. The offer represented 0.5% of OGDCL’s outstanding Shares.
The Offer was launched through publication of Offer for Sale Document (“OFSD”)
on December 30, 2006.The Abridged OFSD was published in the leading newspapers
in Pakistan for the general public. The subscription dates for the Offer were
from January 11, 2007 to January 13, 2007. The Management of OGDCL and BMA
Capital held road shows for the general public at all the three stock
exchanges where company presentations were given to the retail investors. The
subscriptions were received by the 12 bankers to the offer in their branches
all over the Country.