Pakistan Company News – Allotment of Right Shares of Unilever Pakistan Foods Limited

Allotment of Right Shares of Unilever Pakistan Foods Limited

Karachi, Unilever Pakistan Foods Limitedinformed Pakistan Stock Exchange that in the Meeting held on May 30, 2018, the Board of Directors of the Company has taken decision for allotment of 212,332 ordinary right shares effective on June 04, 2018, against receipt of subscription amount @ Rs. 6,000/- per ordinary share (inclusive of Premium) credited to the Company’s account with Standard Chartered Bank (Pakistan) Limited.

United Insurance Company of Pakistan Limited was incorporated in Pakistan on October 20, 1959. It is a public limited company. The rules and regulations of the company are based on the Companies Ordinance 1984, Insurance Ordinance 2000 and Fire, Marine & Motor Tariff (IAP). The operations of the business are related to group health insurance, travel insurance, travel bonds & guarantees, livestock and crop insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The products of the company includes fire insurance, marine insurance, motor insurance, health guard, travel guard, live stock, crop insurance, engineering, travel and cargo agents guarantees, personal accidents policy for the students, shop secure plan, self secure plan, education secure plan and home secure plan.

The symbol “UNIC” is being used by the stock exchanges for the shares of United Insurance Company of Pakistan Limited.