BankIslami Pakistan : Disclosure of Interest by a Director, CEO, or Executive of a Listed Company and their Spouses and the Substantial Shareholders u/c 5.6.1(d) of PSX Regulations.
November 14, 2022 at 06:02 am
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Schedule III
Disclosure under section 110 (1) of the Act
[Regulation 4 (2)]
November 14, 2022
The Managing Director, Pakistan Stock Exchange
The Chief Executive, Bank Islami Pakistan Limited (Target Company)
Securities and Exchange Commission of Pakistan
Subject: Disclosure pursuant to section 110 (1) of the Securities Act, 2015
Part A
It is notified pursuant to Section 110 of the Securities Act, 2015 that we, Mr. Ahmed Goolam Mohamed Randeree and Mr. Shabir Ahmed Randeree have collectively acquired on November 11, 2022, 57,883,190 voting shares of BankIslami Pakistan Limited at the rate of Rs. 13.24/- per share. On account of this acquisition, our collective total shareholding in the company is 215,930,466 shares which represents 19.47% of the total issued voting shares of the company, as our previous collective holding in the company was 158,047, 276 shares.
Part B
Particulars of the Acquirer
i)
Name and registered address of the
Shabir Ahmed
Ahmed
Goolam
acquirers
Randeree
Mohamed Randeree
37 Carlton Hill Street ,
10th Tenniel Close,
John's Wood London,
Bayswater, London,
NW8 OJX, UK
W2 3LE
ii)
CNIC number(s) or Passport or NICOP
124495425
508818122
number
Part C
Particulars of persons acting in concert (vide section 108 (b) of the Act)
i)
Name and registered address of the
Ahmed
Goolam
Shabir Ahmed
person acting in concert
Mohamed Randeree
Randeree
10th Tenniel
Close,
37 Carlton Hill
Bayswater,
London,
Street , John's
W2 3LE
Wood London,
NW8 OJX, UK
ii)
CNIC number(s) or Passport or NICOP
508818122
124495425
number
iii)
Number of shares held by the person
87,965,233
127,965,233
acting in concert
Part D
Detail, if the Acquirer has representation on the board of directors of the target company
i)
Name and address of nominee director, who represents
N/A
the acquirer /person acting in concert
ii)
Passport Number
N/A
Signature : ________________
Name : Shabir Ahmed Randeree
Signature : ________________
Name : Ahmed Goolam Mohamed Randeree
Date : November 14, 2022
.
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Bank Islami Pakistan Ltd. published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 11:01:03 UTC.
BankIslami Pakistan Limited (the Bank) is a Pakistan-based Islamic commercial bank. The Bank's segment includes trading and sales, retail banking, commercial banking and support centre. The trading and sales segment includes equity, foreign exchanges, commodities, money market placements and debt investments. The retail banking segment includes retail Islamic financing and related assets, deposits and banking services offered to the Bank's retail customers. The commercial banking segment includes investment banking business, trade business and Islamic financing and related assets relating to the Bank's corporate, small and medium enterprises and agriculture customers. It offers various accounts, such as Islami Sahulat Account, Islami Bachat Account, Islami Current Account, Islami Asaan Account, Islami Amadni Certificate, Islami Dollar Bachat Account, Islami Foreign Currency Account, and Islami Premium Saving Account. It operates approximately 407 branches, including 70 sub-branches.
BankIslami Pakistan : Disclosure of Interest by a Director, CEO, or Executive of a Listed Company and their Spouses and the Substantial Shareholders u/c 5.6.1(d) of PSX Regulations.