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| Date | 8 Feb 2022 |
| Time | 07:00:01 |
| Category | Miscellaneous |
| ID | 0016B |
Secretary's Department
SD/PSX/Material-TMB/22
8 February 2022
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building,
Stock Exchange Road,
Karachi
Dear Sir,
MATERIAL INFORMATION - STATE BANK OF PAKISTAN'S IN-PRINCIPLE APPROVAL TO COMMENCE DUE DILIGENCE OF TELENOR MICROFINANCE BANK LIMITED
ln accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book issued by the Pakistan Stock Exchange Limited, we hereby convey the following information:
The State Bank of Pakistan has granted in-principle approval to United Bank Limited to commence the Due Diligence of Telenor Microfinance Bank Limited ("TMB") for proposed acquisition of 55% sponsor shares in TMB, currently held by Telenor Pakistan BV (operating under the Easypaisa brand name), subject to the compliance with the applicable laws, rules, regulations.
A disclosure form as required under S.R.O. 143/(I)/2012 dated 05 December 2012 read with Section 96 and 131 of the Securities Act, 2015 is attached herewith as 'Annexure A'.
In the light of above, you may please inform the TRE Certificate Holders of the Exchange accordingly.
Yours faithfully,
Sd/-
Aqeel Ahmed Nasir
Company Secretary &
Chief Legal Counsel
Copy to:
1. The Director,
Surveillance, Supervision & Enforcement Department
Securities and Exchange Commission of Pakistan
NIC Building, 63 - Jinnah Avenue, Blue Area Islamabad
2. London Stock Exchange
ANNEXURE - A
DISCLOSURE FORM
IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
|
Name of Company: |
United Bank Limited |
|
Date of Report: |
8 February 2022 |
|
Registered Address of the Company: |
13th Floor, UBL Building, Blue Area, Islamabad. |
|
Contact information: |
Aqeel Ahmed Nasir, Company Secretary & Chief Legal Counsel United Bank Limited. Telephone Numbers: 021-990332960 & 021-32400419 |
[ü] Disclosure of inside information by listed company in terms of section 15D.
Public disclosure of price sensitive / inside information, which directly concerns the listed securities:
The State Bank of Pakistan has granted in-principle approval to United Bank Limited to commence the Due Diligence of Telenor Microfinance Bank Limited ("TMB") for proposed acquisition of 55% sponsor shares in TMB, currently held by Telenor Pakistan BV (operating under the Easypaisa brand name), subject to the compliance with the applicable laws, rules, regulations.
Sd/-
Aqeel Ahmed Nasir
Company Secretary &
Chief Legal Counsel
8 February 2022