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Park View Enclave (Private) Limited filed Suit No. 1384 of 2024 in the Sindh High Court at Karachi against Shaukat Fayaz Tarin and others, relating to the proposed amalgamation of Silkbank Limited with and into United Bank Limited (UBL). UBL has been impleaded as Defendant No. 17 in this suit, and the Sindh High Court passed an order on December 18, 2024, directed at Defendants No. 1 to 11.
| Date | 27 Dec 2024 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 3515R |
Secretary's Department
SD/UBL-SILK/PSX/24
26 December 2024
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building,
Stock Exchange Road,
Karachi.
Subject: Disclosure of Material Information
Dear Sir / Madam,
In accordance with Sections 96 and 131 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Limited ("PSX"), we hereby convey the following information:
"Park View Enclave (Private) Limited has filed Suit No. 1384 of 2024 ("Suit") in the Sindh High Court at Karachi against Shaukat Fayaz Tarin and others in connection with the proposed amalgamation of Silkbank Limited with and into United Bank Limited ("UBL") pursuant to a scheme of amalgamation to be sanctioned by the State Bank of Pakistan under Section 48 of the Banking Companies Ordinance, 1962. UBL has also been impleaded in the Suit as Defendant No. 17.
The Sindh High Court has passed an order on December 18, 2024 in the Suit directed at Defendants No. 1 to 11 ("Order"). A copy of the Order is attached.
UBL shall keep the Exchange informed of any material developments in this regard."
You are requested to disseminate the above information to TREC Holders of the Exchange.
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: |
26 December 2024 |
|
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 Number: 021-990332960/ 021-32400419 |
[a] Disclosure of inside information by listed company in terms of section 15D
Disclosure of Inside Information by Listed Company in Terms of Section 96 & 131 of the Securities Act, 2015.
"Park View Enclave (Private) Limited has filed Suit No. 1384 of 2024 ("Suit") in the Sindh High Court at Karachi against Shaukat Fayaz Tarin and others in connection with the proposed amalgamation of Silkbank Limited with and into United Bank Limited ("UBL") pursuant to a scheme of amalgamation to be sanctioned by the State Bank of Pakistan under Section 48 of the Banking Companies Ordinance, 1962. UBL has also been impleaded in the Suit as Defendant No. 17.
The Sindh High Court has passed an order on December 18, 2024 in the Suit directed at Defendants No. 1 to 11 ("Order"). A copy of the Order is attached.
UBL shall keep the Exchange informed of any material developments in this regard."
Sd/-
Aqeel Ahmed Nasir
Company Secretary &
Chief Legal Counsel