OGDCL shares to sell on 2nd October 2014

Karachi(Thursday, September 25, 2014): The OGDCL shares to sell on 2nd October 2014. Privatization Commission Oil and Gas Development Company Limited (OGDCL) has announced the date of the auction of the shares on October 2, 2014, according to which the total shares and global depository shares or (GDS) of Presentations will be a secondary issue.

This offer OGDCL share capital of 10% will represent the 32 crore 24 lakh 60 thousand 900 shares will consist of the OGDC L. Gross syyrkyptl 7.5 percent, which corresponds to the base 22 Sep 2014 OGDC’s closing share price of L which would cost an estimated 83 billion 89 million 1 0 million / 81 million to 60 million.

It offers institutional form of the GDS International is a US-qualified for investment companies, including Bayer Institutional U.S. Securities Act of 1993, Rule 144, the Securities Act and outside the United States under Rule S and the institutional, investors and the public key is included in a specific portion of the shares offered and for the employees of OGDCL will shares Karachi, Lahore and Islamabad stock exchanges and listed them here transaction occurs.

GDP aysz are listed on the London Stock Exchange where the shares of GDP OGDC aysz 10 under the symbol represents the value of shares and GDP aysz will be determined under the book building method, the price on October 16 will be fixed at 2014. 

The London Stock Exchange on the first day of GDP ayszky unconditional transaction is expected to close on October 21, 2014, will be the local Institutional Offer International offers local Public Offering, the closing of the International Offering will be on (with the exception of the institutional offer price) or at a discount of government approved by the Cabinet Committee on Privatization will receive all proceeds from the offering, which will be owned by the seller share of Pakistan holder.

Citigroup Global Markets Limited, Merrill Lynch International and ASB Bank Limited, collectively offering international and local institutional joint book runner of the ASB Bank is the lead manager of the local public offering.

Pakistan and OGDCL 180-day period will be subject to the lock-up period, BofAML, Citigroup and KASB discounts depending on the introduction of transaction Privatization Minister Mohammad Zubair said that we believe glossary L to DC Investments is an exciting and interesting, it is a high quality asset performance and has a long record of value for shareholders.