Secretary's Department

UBL/BOD-255/PSX/Results/25

             16 April 2025

The General Manager,                    

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,                                                                                                                                                    

Karachi

Dear Sir,

Financial Results for the 1^st Quarter Ended 31 March 2025

We have to inform you that the Board of Directors of United Bank Limited ("UBL") in their 255^th meeting held on Wednesday, 16 April 2025 at Islamabad at 10:00 a.m. inter-alia recommended the following:

(i)   Cash Dividend

An Interim Cash Dividend for the Quarter ended 31 March 2025 at Rs.11/- per share i.e.110%.  

The above entitlement of Dividend will be paid to the shareholders whose names will appear in the Register of Members (with their IBAN details) on Tuesday 29 April 2025. 

The Share Transfer Books of UBL will remain closed from 30 April 2025 to 02 May 2025 (both days inclusive).  Transfers received at the office of our Share Registrar, M/s. THK Associates (Pvt.) Limited, Plot No. 32-C, Jami Commercial Street-2 D.H.A. Phase-VII Karachi-75400 at the close of business on Tuesday 29 April 2025 will be treated in time for the purpose of payment of interim cash dividend.

(ii)  Bonus Shares

--- NIL ---

(iii) Right Shares

--- NIL ---

(iv)  Any Other Entitlement / Corporate Action

--- NIL ---

(v) Any Other Price-Sensitive Information

In accordance with the requirements of Securities Act, 2015 and the PSX Regulations, this is to inform you that the Board of Directors also recommended the following for approval of the shareholders:

1-   Sub division of shares: to subdivide the face value of shares of UBL from Rs.10/- per share to Rs.5/- per share, in accordance with the section 85(1)(c) of the Companies Act, 2017 in the ratio of 02 shares for 01 share held.

2-   Amendment to the relevant clause / article of Memorandum and Articles of Association to reflect the proposed sub division of shares.

The Board has also decided to convene an Extraordinary General Meeting (EOGM) of UBL on Thursday, 15 May 2025 at Islamabad for the consideration and approval of sub division of shares and above-mentioned amendment to Memorandum and Articles of Association of UBL.

The Share Transfer Books of UBL will remain closed from Thursday, 08 May 2025 to Thursday 15 May 2025 (both days inclusive). [Transfers received at the office of our Share Registrar, M/s. THK Associates (Pvt.) Limited, Plot No. 32-C, Jami Commercial Street 2, D.H.A., Phase VII, Karachi-75500, at the close of business on Wednesday 07 May 2025 will be treated in time for the purpose of attending and voting at the EOGM].

The above-mentioned decisions of the Board are subject to requisite corporate and/or regulatory approvals.

Following documents are attached as:

Annexure-A (Unconsolidated)

1.   Standalone Statements of Financial Position

2.   Standalone Statements of Profit and Loss

3.   Standalone Statement of Changes in Equity

4.   Standalone Statements of Cash Flows

Annexure-B (Consolidated)

1.   Consolidated Statements of Financial Position

2.   Consolidated Statements of Profit and Loss

3.   Consolidated Statement of Changes in Equity

4.   Consolidated Statements of Cash Flows

Annexure-C (Disclosure Form)

The quarterly financial statements (Quarterly Report) of the Bank for the 1^st Quarter ended 31 March 2025 will be transmitted through PUCARS separately, within stipulated time.

Yours faithfully, 

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C. to:

1)   London Stock Exchange.

2)   The Commissioner, Enforcement & Monitoring Division, Securities and Exchange

Commission of Pakistan, NIC Building, Jinnah Avenue, Islamabad.

"ANNEXURE - C"

DISCLOSURE FORM

IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

 [] 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.

In accordance with the requirements of Securities Act, 2015 and the PSX Regulations, this is to inform you that the Board of Directors also recommended the following for approval of the shareholders:

1-   Sub division of shares: to subdivide the face value of shares of UBL from Rs. 10/- to Rs. 5/- per share, in accordance with the section 85(1)(c) of the Companies Act, 2017 in the ratio of 02 shares for 01 share held.

2-   Amendment to the relevant clause / article of Memorandum and Articles of Association to reflect the proposed sub division of shares.

The Board has also decided to convene an Extraordinary General Meeting (EOGM) of UBL on Thursday, May 15, 2025 at Islamabad for the consideration and approval of sub division of shares and above-mentioned amendment to Memorandum and Articles of Association of UBL.

The Share Transfer Books of UBL will remain closed from Thursday, 08 May 2025 to Thursday, 15 May 2025 (both days inclusive). [Transfers received at the office of our Share Registrar, M/s. THK Associates (Pvt.) Limited, Plot No. 32-C, Jami Commercial Street 2, D.H.A., Phase VII, Karachi-75500, at the close of business on Wednesday 07 May 2025 will be treated in time for the purpose of attending and voting at the EOGM].

The above-mentioned decisions of the Board are subject to requisite corporate and/or regulatory approvals. 

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

Dated: 16 April 2025