Karachi December 23 2021: Fauji Foods Limited (FFL) confirm that 780,794,596 right shares offered by company have been fully subscribed. in this regard auditor certificate confirming receipt of entire subscription amount of PKR 7,807,945,960 against issuance of right shares is enclosed herewith.
In light of the above company has requested to issue No Objection Certificate in favour of Habib Bank Limited, MCB Bank Limited, Askari Bank Limited, Soneri Bank Limited, Bank Al Baraka (Pakistan) Limited and Central Depository Company of Pakistan Limited for release of right shares subscription amount.
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EY report that an amount of PKR 1,168,403,270 has been received from subscribers in the respective bank statements of the Company during the period from 01 November 2021 to 10 December 2021.
Auditor report that an amount of PKR 16,321,520 has been received from subscribers in the CDC Account Statement of the Company during the period from 01 November 2021 to 08 December 2021 and the amount of PKR 697,831,740 has been received from underwriters in the respective bank statements of the Company during the period from 21 December 2021 to 22 December 2021.