Source - RNS
RNS Number : 6067M
MCB Bank Limited
14 October 2016
 

SE-100(5F)2016/51

 

October 14, 2016

 

London Stock Exchange

 

Dear Sir,

 

Sub:     FREE  FLOAT OF SHARES  -  MCB BANK LIMITED

 

In accordance with the Clause 5.7.2 (c) of the Rule Book of the Exchange, we provide the Free Float of Shares of MCB Bank Limited as on September 30, 2016, hereunder:

 

Total Outstanding Shares


1,113,030,748




Shares held by Directors/Sponsors *

64,017,550


Government Holdings as promoter/acquirer/controller

                  -  


Shares held by Associated Companies (Cross holdings)

472,786,552


Shares held with general public in Physical Form

46,862,065


Others

130,544,281

(714,210,448)

Free Float


398,820,300

%age


35.8319%

Total Number of Shares available in CDS

1,001,193,842


Total Number of Shares available in Physical Form

111,836,906


 

* In pursuance of and in accordance with the express finding and determination of the Hon'ble Lahore High Court in Writ Petition 18612 of 2010; MCB vs. Federation of Pakistan that the so- called "Sponsor" shares are not sponsor shares in law and hence, shall not be described as such. Accordingly, there is now a decrease of 252,730,472 shares in this head, which shares, in accordance with their ownership, have now been added to (i) the shareholding of associated companies under the head of "Shares held by Associated Companies (Cross Holdings)" and (ii) the shareholding of individuals under the head of "Others" respectively.

 

Yours truly,

 

 

 

 

Fida Ali Mirza

Company Secretary

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGGGGUUPQGWC

Related Charts

MCB Bank (MCBA)

0.00 (0.00%)
delayed 04:06AM