Last checked at 6 Jun 2012 07:00
SE-100(5F)2012/25
June 04, 2012
Dear Sir(s)
Sale of Shares of Khushhali Bank Limited (KBL)
We, MCB Bank Limited (the Company), would like to inform you that we have entered into and executed a Share Purchase Agreement of the date hereof (the Agreement) with United Bank Limited consortium comprises of United Bank Limited; ASN-NOVIB Microkredietfonds; responsAbility Global Microfinance Fund; Rural Impulse Fund II S.A. SICAV-FIS; and ShoreCap II Limited (UBL Consortium). In terms of the Agreement, the Company has sold 17.6% shares owned by it in KBL in line with UBL Consortium's bid of Rs. 20.44(approximately) per share and in accordance with Regulatory approvals.
This is for your information.
Yours truly
-Sd -
Abdus S. Sami
Company Secretary