SHARES OF UNITED NATIONAL BANK LIMITED ("UNBL UK")
The Board of Directors of UBL in their meeting held on 11 September, 2023 have approved the following:
Establishment of an Exchange Company with PKR 1.0 Billion as initial Paid Up Capital, as wholly owned subsidiary of UBL subject to approval by State Bank of Pakistan and other regulatory compliances.
Approval of "Indicative Offer" received from Bestway Group (BG) to acquire entire shareholding of UBL in UNBL UK. Currently, UBL owns 55% shares in UNBL UK.
UNBL UK contributed an Earnings Per Share (EPS) of Rs 0.57 to the Consolidated EPS of UBL for the Half Year ended June 30, 2023. For full year 2022 the EPS contribution of UNBL UK to the Consolidated EPS of UBL stood at Rs 0.48 per share. The Risk Weighted Assets of UNBL UK stood at PKR 339.2 Billion as at June 30th 2023 with a downward impact of 200 basis points to the Consolidated Capital Adequacy Ratio of UBL.
The above approval of the Board of Directors of UBL is subject to the approval/clearance by the State Bank of Pakistan and all other regulatory compliances required in this regard in both Pakistan and UK.
You may please inform the TRE Certificate Holders of the Exchange accordingly. Yours faithfully,
Aqeel Ahmad Nasir
Company Secretary &
Chief Legal Counsel
C.C to:
1- London Stock Exchange, London UK.
2- The Commissioner, Enforcement E Monitoring Division, SECP, Islamabad.
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ANNEXURE - A
DISCLOSURE FORM
IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
Name of Company:
United Bank Limited
Date of Report:
12 September 2023
Registered Address of the Company:
13th Floor, UBL Building, Blue Area, Islamabad.
Contact information:
Aqeel Ahmed Nasir,
Company Secretary & Chief Legal Counsel
United Bank Limited.
Telephone Numbers: 021-990332960 & 021-32400419
[] Disclosure of inside information by listed company in terms of section 15D.
Public disclosure of price sensitive / inside information, which directly concerns the listed securities:
Establishment of an Exchange Company with PKR 1.0 Billion as initial Paid Up Capital, as wholly owned subsidiary of UBL subject to approval by State Bank of Pakistan and other regulatory compliances.
Approval of "Indicative Offer" received from Bestway Group (BG) to acquire entire shareholding of UBL in UNBL UK. Currently, UBL owns 55% shares in UNBL UK.
UNBL UK contributed an Earnings Per Share (EPS) of Rs 0.57 to the Consolidated EPS of UBL for the Half Year ended June 30, 2023. For full year 2022 the EPS contribution of UNBL UK to the Consolidated EPS of UBL stood at Rs 0.48 per share. The Risk Weighted Assets of UNBL UK stood at PKR 339.2 Billion as at June 30th 2023 with a downward impact of 200 basis points to the Consolidated Capital Adequacy Ratio of UBL.
The above approval of the Board of Directors of UBL is subject to the approval/clearance by the State Bank of Pakistan and all other regulatory compliances required in this regard in both Pakistan and UK.
________________
Aqeel Ahmed Nasir Company Secretary & Chief Legal Counsel
12 September 2023
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United Bank Ltd. published this content on 12 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 September 2023 04:17:07 UTC.
United Bank Limited (the Bank) is engaged in commercial banking and related services. Its segments include Corporate / Commercial Banking, Treasury, Branch Banking, Islamic Banking, International Branch Operations, and Others. The Corporate/Commercial Banking segment include project, trade and working capital finance, import and export, factoring, leasing, lending, deposits and guarantees. The Treasury segment include fixed income, equity, foreign exchange, credit, funding, own position securities, lending and borrowings and derivatives. The Branch Banking include deposits, lending and banking services to private individuals and small businesses including credit cards and branchless banking. The Islamic Banking segment represents Islamic Banking branches and Islamic banking windows in the conventional branches of the Bank. The International Branch segment represents Bank's operations in overseas locations including one branch each in export processing zones in Karachi and Sialkot.
UNITED BANK LIMITED 
