Modaraba Al Mali : Dispatch of Physical Letter of Rights and Credit of Unpaid Rights

M A N A G E D B Y

June 2, 2023

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi.

Subject:

Dispatch of Physical Letter of Rights and Credit of Unpaid Rights

Dear Sir,

We are pleased to inform you that Intimation Letter for credit of unpaid rights into CDS account and Offer Letter (Letter of Rights) in case of Physical Certificate-holders, along with Circular under section 83(3) of the Companies Act, 2017/Information as required under Schedule -I, to the Companies (Further Issue of Share) Regulations 2020 have been dispatched to the Certificate-holders at their given addresses.

Certificate-holders of the Modaraba are also being intimated through an advertisement in newspapers.

Thanks & regards

Muhammad Adeel Rehman

Company Secretary

ENCL:

• Advertisement
• Schedule I to The Companies (Further Issue of Shares) Regulations, 2020

CC:

1. The Executive Director/HOD
   Offsite-II Department, Supervision Division Securities & Exchange Commission of Pakistan
2. The Registrar
   Modaraba Companies & Modarabas
   Securities & Exchange Commission of Pakistan
3. Manager, Shares
   F. D. Registrar Services (Pvt.) Limited

17thFloor, Saima Trade Tower-A, I. I.Chundrigar Road Karachi

MODARABA AL-MALI

(Managed by LSE Capital Limited)

(Formerly Assetplex Limited)

CREDIT OF UNPAID RIGHTS INTO CDS/ DISPATCH OF PHYSICAL LETTER OF RIGHTS (OFFER LEETERS)

We are pleased to inform our Certificate-holdersof Modaraba Al-Mali that unpaid rights have been credited into their respective CDS accounts (in the ratio of approximately 14.34 certificates for every 100 certificates held) in their names as at close of business on May 29, 2023. Key dates relating to the Right issue are as follows:

ACTIVITIES	DATES
Subscription of Right Offer Start Date	June 06, 2023
Date of Commencement of Trading of Un-Paid Rights at Pakistan Stock Exchange	June 06, 2023
Last Date of Trading of Un-Paid Rights	June 23, 2023
Last Date of Subscription of Right Offer	July 05, 2023
Date of Credit of Right Shares into CDS	July 25, 2023

PAYMENT PROCEDURES:

Payment as indicated on Right Subscription Request or Letter of Rights should be made by cash or crossed Cheque or demand draft or pay order made out to the credit of below mentioned "Modaraba Al-Mali- Right Shares Subscription Account" for Modaraba certificates through all branches of selective Banker to the Issue in Pakistan on or before July 05, 2023 along with Right Subscription Request or Letter of Rights duly filled in and signed by the subscriber(s).

BANKER TO THE ISSUE	BRANCHES FOR	ACCOUNT NO.	BRANCH NAME AND CODE
	PAYMENT		WHERE THE ACCOUNT IS
			MAINTAINED
Faysal Bank Limited	All Branches	A/c No. 3192301000003085	All Branches
		IBAN Code: PK87FAYS3192301000003085
JS Bank Limited	All Branches	A/C No. 0001873397	All Branches
		IBAN Code: PK32JSBL9571000001873397

1. In case of Non-Resident Pakistan / Foreign certificate-holder, the demand draft of equivalent amount in Pak Rupees should be sent to the Company Secretary, Modaraba Al-Mali at the registered office of the company along with Right Subscription Request (both copies) duly filled and signed by the subscriber(s) with certified copy of NICOP / Passport well before the last date of payment.
2. All cheques and drafts must be drawn on a bank situated in the same city where Right Subscription Request is deposited. Cheque is subject to realization.
3. The Bank will not accept Right Subscription Requests delivered by post which may reach after the closure of business on July 05, 2023, unless evidence is available that these have been posted before the last date of payment.

EXERCISING THE RIGHT OFFER INTO CDS:

• For subscription of right offer, CDS account holder will request in writing to his/her CDC participant / Investor Account Service (IAS) Department to initiate Right Subscription Request into CDS on his/her behalf and CDC participant / IAS Department will provide him / her two copies of Right Subscription Request enabling him/her to make the payment with authorized banker to the right issue as mentioned above.
• Right Subscription Request can be initiated for full or partial Rights Offer.

Intimation letter about credit of Unpaid Rights into CDS and Letter of Rights to members holding certificates in physical form have dispatched to the respective members on June 05, 2023 at their registered address.

The Certificate-holders holding certificates of the Modaraba in physical form should please note that under the CDC Applicable Right Shares procedures, the physical Certificate-holders can renounce his/her Letter of Right (LoR) by depositing into his/her CDS Investor Account or Sub- Account to a person who is Investor or Sub-Account holder with CDC. Further, physical Certificate-holders can renounce his/her Letter of Rights and Renouncee(s) can also get credit of Right Certificates in book-entry from in his/her own CDS Investor or Sub-account by filling details on application of Renounce(s) for registration. Certificates-holders holding physical certificates should read specific instructions given in the Letter of Rights relating to splitting, renunciation, deposit into CDS etc.

In case of any clarification / information or non-receipt of Intimation Letter/Letter of Rights within reasonable time of this advertisement, the members are requested to contact Company's Share Registrar (F. D. Registrar Services (PVT) Limited 17th Floor, Saima Trade Tower-A, I. I.Chundrigar Road Karachi Tel: [phone], Fax: [phone]).

By the Order of the Board

Muhammad Adeel Rehman	Lahore
Company Secretary	June 02, 2023

M A N A G E D B Y

Schedule I

The Companies (Further Issue of Shares) Regulations, 2020

Right Share - Offer Document

ADVICE FOR INVESTORS

INVESTMENT IN EQUITY SECURITIES AND EQUITY RELATED SECURITIES INVOLVES A CERTAIN DEGREE OF RISKS. THE INVESTORS ARE REQUIRED TO READ THE RIGHTS SHARE OFFER DOCUMENT (HEREIN REFERRED TO AS 'OFFER DOCUMENT') AND RISK FACTORS CAREFULLY, ASSESS THEIR OWN FINANCIAL CONDITIONS AND RISK-TAKING ABILITY BEFORE MAKING THEIR INVESTMENT DECISIONS IN THIS OFFERING.

RIGHT ENTITLEMENT LETTER IS TRADABLE ON PSX, RISKS AND REWARDS ARISING OUT OF IT SHALL BE THE SOLE LIABILITY OF THE INVESTORS.

This document is issued for the purpose of providing information to certificate-holders of Modaraba Al Mali and to the public in general in relation to the rights issue of Rs. 113,929,700 consisting of new modaraba certificates of 11,392,970 by Modaraba Al-Mali. A copy of this document has been registered with the Securities Exchange.

This offer document is valid till September 03, 2023 (i.e. 60 days from the last day of payment of subscription amount)

1. Company profile and history

Full name of the Issuer	Modaraba Al Mali
Incorporation date	June 07, 1987
Date of commencement of business	June 07, 1987
Corporate Universal Identification Number (CUIN)	No.5(8) Reg-Mod/87-66
Address of Registered Office	LSE Plaza, Basement No. 1
	Khayaban-e-Aiwan-Iqbal Road, Lahore.
	Phone: + 92-42-36368000-04
Address of Other Corporate Office	Perdesi House Old Queens Road, 4th Floor
	Karachi.
	Phone: [phone]
Website address and web-link where latest available	www.modarabaalmali.com
financial statements are placed (in case of listed
company)
Contact details for certificate-holder facilitation (in	Rashid Matin Khan
form of postal address, phone number or email	COO
address)	Perdesi House Old Queens Road, 4th Floor
	Karachi.
	Phone: [phone]

M A N A G E D B Y

2. Details of the current right issue

Description of

Size of the Issue

Issue Price per

No. of Shares

Face (Par) Value

the Issue

Share

per Share

14.34% Right

113,929,700

10.00

11,392,970

10.00

3.

Other Detail

1.

Date of Final Offer Letter

2.

Date of placing offer document on PSX for public

Not Opted

comments.

3.

Date of Book Closure - From

May 23, 2023

4.

Date of Book Closure - To

May 29, 2023

5.

Commencement of trading of unpaid Rights on the Pakistan

June 06, 2023

Stock Exchange Limited

6.

Last date of trading of Rights Letter

June 23, 2023

7.

Last date for acceptance and payment of shares in CDC and

July 05, 2023

physical form - Last payment date

8.

Web site address from where the offer documents can be

www.modarabaalmali.com

downloaded

Detail of the relevant contact persons

Name of the

Designation

Contact No.

Office Address

E-mail

Person

I.D.

1.

Authorized

Rashid Matin

COO

[phone]

Perdesi House Old

rashid.kha

Officer of

Khan

9770

Queens Road, 4th

n@assetpl

the Issuer

Floor Karachi.

ex.com.pk

2.

Underwriter

Abdul Aziz

CEO

021-32271883

17th Floor, Saima

contact@d

Habib

Trade Tower A, I.I.

awoodequ

(Dawood

Chundrigar Road,

ities.com

Equities Ltd.)

Karachi, Pakistan

3.

Underwriter

Noman Abdul

CEO

021-32437380

Room # 806-814, 8th

noman@a

Majeed

Floor Main PSX

damsecuri

(Adam

Building, Stock

ties.com.p

Securities

Exchange, Karachi.

k

(Pvt.) Ltd)

4.

Bankers to

Muhammad

Cluster

051-2895486

ISE Tower, 55-B,

MRehan.

the Issue

Rehan (JS

Manager

Jinnah Avenue,

Malik@jsb

Bank)

Blue Area,

l.com

Islamabad

5.

Bankers to

Hafiz Imran

Branch

[phone]

Property # S-86-R,

hafizimra

the Issue

(Faysal Bank)

Manager

405 Ferozepur

n@faysalb

Road Naseerabad,

ank.com

Lahore

M A N A G E D B Y

The following undertaking by the Issuer:

WE, SIDDIQUE-URREHMAN KHURRAM, THE CHIEF EXECUTIVE OFFICER AND MUHAMMAD ADEEL REHMAN, CHIEF FINANCIAL OFFICER OF THE MODARABA AL MALI, CERTIFY THAT;

1. THE OFFER DOCUMENT CONTAINS ALL INFORMATION WITH REGARD TO THE ISSUER AND THE ISSUE, WHICH IS MATERIAL IN THE CONTEXT OF THE ISSUE AND NOTHING HAS BEEN CONCEALED IN THIS RESPECT;
2. THE INFORMATION CONTAINED IN THE OFFER DOCUMENT IS TRUE AND CORRECT TO THE BEST OF OUR KNOWLEDGE AND BELIEF;
3. THE OPINIONS AND INTENTIONS EXPRESSED THEREIN ARE HONESTLY HELD;
4. THERE ARE NO OTHER FACTS, THE OMISSION OF WHICH MAKES THE OFFER DOCUMENT AS A WHOLE OR ANY PART THEREOF MISLEADING; AND
5. ALL REQUIREMENTS OF THE COMPANIES ACT, 2017, THE COMPANIES (FURTHER ISSUE OF SHARES) REGULATIONS, 2020, THE CENTRAL DEPOSITORY COMPANY AND THAT OF PSX
   PERTAINING TO THE RIGHT ISSUE HAVE BEEN FULFILLED."

For and on behalf MODARAB AL-MALI

………… Sd-…………	………… Sd-…………
SIDDIQUE-UR REHMAN KHURRAM	MUHAMMAD ADEEL REHMAN
CHIEF EXECUTIVE OFFICER	CHIEF FINANCIAL OFFICER
DISCLAIMER:

1. In line with the Companies Act, 2017, and the Companies (Further Issue of Shares) Regulations, 2020, this document does not require approval of the Securities Exchange and the Securities & Exchange Commission of Pakistan (SECP).
2. The Securities Exchange and the SECP disclaims that:
3. 1. any liability whatsoever for any loss however arising from or in reliance upon this document to any one, arising from any reason, including, but not limited to, inaccuracies, incompleteness and/or mistakes, for decisions and/or actions taken, based on this document.
   2. any responsibility for the financial soundness of the Company and any of its Schemes/ projects stated herein or for the correctness of any of the statements made or opinions expressed with regards to them by the Company in this Offer document.
   3. any responsibility with respect to the quality of the issue.
4. It is clarified that information in this Offer document should not be construed as advice on any particular matter by the SECP and the Securities Exchange and must not be treated as a substitute for specific advice.