|
|
|
|
|
Under the Government of Pakistan’s ‘Privatisation for the People’ Program
undertaken by the Privatisation Commission, great enthusiasm is being
witnessed across the country and abroad for the Offer for sale of 5 % shares
of Habib Bank Limited (HBL) held by Government of Pakistan with a greenshoe
option of 2.5% resulting in total share offering of 51.75 m shares. The Offer
opened on July 26 and will continue through July 31, 2007 at an offer price
per share of Rs 235/-This is the largest ever offering in Pakistan in terms of
both value and potential number of successful applicants. The total size of
the offering is approximately Rs 12.2 billion.
Banks that have been appointed as Bankers to the Offer (“BTO”) include: 1.
Habib Bank Limited, 2. MCB Bank Limited, 3. United Bank Limited, 4. Allied
Bank Limited, 5. Bank Alfalah Limited, 6. Habib Metropolitan Bank Limited, 7.
Bank AL Habib Limited, 8. Soneri Bank Limited, 9. Standard Chartered Bank
Pakistan Limited, 10. NIB Bank Limited, 11. PICIC Commercial Bank Limited, 12.
Bank of Punjab, 13. Bank of Khyber, 14. KASB Bank Limited, 15. JS Bank
Limited, 16. ABN AMRO Bank, 17. Askari Bank Limited, 18. Faysal Bank Limited,
19. Saudi Pak Commercial Bank Limited and 20. Deutsche Bank AG
Resident Pakistanis may follow the procedure for subscription of HBL shares in
case the application is deposited in a bank other than the bank in which the
applicant has an account. i.e.
An applicant may apply for shares of HBL by collecting an application form
from any one of the Domestic Bankers to the Offer (“BTO”) or through the
following websites: www.privatisation.gov.pk, www.gslpk.com
After completing the application form the applicant will have to get their
signature on the application form verified from the banks’ branch where the
applicant has a bank account. The mode of payment will be through pay order in
the name of the bank where the applicant will submit the application form. The
pay order should be made in favour of “name of Banker to the Offer A/C OFFER
FOR SALE OF SHARES OF HABIB BANK LIMITED". The pay order must be drawn on the
bank where the applicant has a bank account and should be submitted to a BTO
in the same city. The name and address of applicant’s bank along with the
account number must be written in point 4(a) of the application form. An
attested copy of the CNIC must be submitted to the BTO along with the
application form. The applicants have been advised to read carefully the
instructions given at the back of the application form prior to submitting the
application. Global Securities Limited Pakistan are the Lead Managers for this
transaction.