Subscription of Right Shares by Sponsors / Directors of United Brands Limited | Pakistan Company News

Subscription of Right Shares by Sponsors / Directors of United Brands Limited

Karachi, United Brands Limitedinformed Pakistan Stock Exchange that enclose Auditors certificates in respect of subscription money received from its sponsors and directors of the Company up to April 09, 2018 at least 15 days in advance of the last date of payment on April 24, 2018 for allotment of 750% right shares against right issue of 7.5 shares for every 01 share held at nominal value of Rs. 10.

United Brands Limited is a company incorporated in Pakistan by the name of UDL industries Limited in 1965. Later the name of the company was changed for expansion of the existing operations. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are trading and distribution of consumer goods, allioed products and pharmaceuticals. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

United Brands Limited is Marketing, Selling and Distribution Company engaged in marketing, selling and distribution of a wide range of various products.

The symbol “UBDL” is being used by the stock exchanges for the shares of United Brands Limited.