Karachi December 21 2021: Out of the total right issue size of 200,000,000 shares of PKR 5,400,000,000, subscription amount to the tune of PKR 3,020,149,719 has been received prior to commencement of trading of Right letter.
Earlier Unity Foods Limited announced right issue of 200,000,000 shares at PKR 27 per share (including a premium of PKR 17 per share) for an aggregate amount of PKR 5,400,000,000.
A total amount of PKR 3,020,149,719 has been received by the Company, the break up of which is as follows:
A L S O || R E A D
Trading In Unpaid Rights Of Unity Foods To Commence From Thursday
(i) certain directors of the Company have subscribed 874 shares at PKR 27 per share aggregating to PKR 23,598/-.
(ii) remaining directors and substantial shareholders of the Company have arranged for Wilmar Pakistan Holdings Pte. Ltd to subscribe to 73,054,828 shares at PKR 27 per share aggregating to PKR 1,972,480,356.
(iii) In addition to above, Wilmar Pakistan Holdings Pte. Ltd has also agreed tosubscribe additional 38,801,695 shares of PKR 27 per shares aggregating to PKR 1,047,645,765.