Karachi: United Bank Limited (UBL) has announced a first interim cash dividend of Rs.11 per share, equivalent to 110%, for the year 2025, as decided during a board meeting held on April 16, 2025. The bank has disclosed that the share transfer books will be closed from April 30, 2025, to May 02, 2025, inclusive. Transfers received by M/s. THK Associates (Pvt.) Limited by the close of business on April 29, 2025, will be eligible for the dividend.
According to the updated regulations under Section 242 of the Companies Act, 2017, dividends will be distributed electronically, necessitating shareholders to provide complete bank account details to facilitate this process. Failure to update these details may result in the withholding of dividend payments. Shareholders are encouraged to submit the necessary information via the "Bank Mandate Form" available on UBL's website.
Unclaimed dividends and share certificates remain available for collection. Shareholders who have yet to claim these should contact UBL's Registrar in Karachi. Notices have been sent to shareholders' registered addresses, and details are accessible online at the provided link. In the absence of claims, UBL will adhere to regulatory guidelines.
In compliance with the Companies Act, 2017, shareholders are urged to convert their physical shares into book entry form. Assistance for this conversion can be obtained from brokers, PSX members, or CDC services. The updated shareholding format is mandated to streamline the process and ensure regulatory compliance.
Additionally, UBL's unaudited condensed interim financial statements for the three months ending March 31, 2025, have been published on the bank's website. Shareholders interested in a printed copy may request one from the Share Registrar's office in Karachi or the Registered Office in Islamabad.
According to information available from the Pakistan Stock Exchange (PSX), UBL's market activities are categorized under the designated market category. Shareholders are reminded to update their contact details and essential documentation with the Registrar promptly.
For further information or clarification, shareholders are directed to contact THK Associates (Pvt.) Ltd. via telephone or email as provided.