Last checked at 27 Jan 2011 10:17
Secretary's Department
SD/Shareholding/ADG-BG/SEs/11
27 January 2011
1. The Managing Director Karachi Stock Exchange (Guarantee) Ltd. Karachi Stock Exchange Building Stock Exchange Road, Karachi.
| 2. The General Manager Lahore Stock Exchange (Guarantee) Ltd. 19, Khayaban-e-Aiwan- e-Iqbal, Lahore. | 3. The Company Secretary Islamabad Stock Exchange (Guarantee) Ltd. ISE Towers, 55-B Jinnah Avenue Islamabad. |
Dear Sirs,
Acquisition of Abu Dhabi Group Shareholding in United Bank Limited
The Abu Dhabi Group ("ADG") and the Bestway (Holdings) Limited ("Bestway"), being existing shareholders of the United Bank Limited ("Bank"), had entered into a Share Purchase Agreement dated 28 December 2010 ("Agreement") for the sale of 20% of the issued and outstanding ordinary shares of the Bank held by ADG ("ADG Shareholding") to Bestway.
ADG and Bestway have notified that all relevant regulatory consents for sale of ADG Shareholding have been obtained and ADG Shareholding has been transferred on 26 January 2011 to Bestway in terms of the Agreement. Details of the exact number of shares sold, the purchase price per share, form of share certificates and nature of transaction is attached hereto as Annexure 'A'.
You may please inform the Members of the Exchange accordingly.
Yours faithfully,
Aqeel Ahmed Nasir
Company Secretary &
Chief Legal Counsel
Copy to:
1. London Stock Exchange, London, UK
2. Citibank, NA, Karachi Branch, Custodian of UBL GDRs.
Annexure A
Name of Shareholders of Abu Dhabi Group | Number of Shares to be transferred | Price per Share | Form of Share certificates | Nature of transaction |
H.H. Sheikh Nahayan Mabarak Al Nahayan (Director on the board of UBL) | 11,612,235 | Rs. 80 | Electronic | Off-market |
H.E. Sheikh Hamdan Bin Mubarak Al Nahayan | 20,997,631 | Rs. 80 | Electronic | Off-market |
H.E. Sheikh Mohammed Bin Butti Al Hamid | 44,994,928 | Rs. 80 | Electronic | Off-market |
H.E.Dr.Mana Saeed Al Otaiba | 67,492,392 | Rs. 80 | Electronic | Off-market |
H.E. Sheikh Suroor Bin Mohammad Al Nahyan | 2,249,746 | Rs. 80 | Electronic | Off-market |
Al Jaber Transport & General Contracting | 59,993,236 | Rs. 80 | Electronic | Off-market |
Mohammad Abdul Aziz Al Rubayea | 22,497,462 | Rs. 80 | Electronic | Off-market |
Mr.Omar Ziad Jaafar Al Askari (Director on the board of UBL) | 14,998,307 | Rs. 80 | Electronic | Off-market |