INSTRUCTIONS FOR BIDDING

Transcription

1 INSTRUCTIONS FOR BIDDING OFFER FOR SALE OF RESIDUAL SHAREHOLDING OF GOVERNEMT OF PAKISTAN IN ALLIED BANK LIMITED THROUGH PRIVATISATION AT A FLOOR PRICE The present offer consists of 131,275,073 Ordinary Shares representing 11.5% of the Total Paid Up Share Capital of Allied Bank Limited at a Floor Price which shall be at a premium to the Par Value of PKR 10/- per share (the Offer ) Instructions for Filling the Bidding Form 1. The Bidding Period shall remain open for two (2) working day during business hours. The Book Building process will open at 9:00AM PST and close at 5:00PM PST on December 10, 2014 and December 11, Fill in all the particulars of the form accurately in BLOCK LETTERS. 3. Kindly provide a copy of CNIC or passport (in case of HNWI) or NTN Certificate (in case of financial institution) or Certificate of Incorporation (in case of companies) along with the bidding form. 4. Applicants are requested to provide accurate contact details. Please provide accurate landline number(s), mobile number(s), fax number(s) and address(es). 5. Submit complete bidding form along with the margin money via Demand Drafts or Pay Orders only. Please Note: 1. For deposit of margin money, only Pay Orders or Demand Draft will be accepted or online transfer to Account Number titled Offer for Sale of Shares of Allied Bank Limited Book Building Account maintained at MCB Bank Limited, Shaheen Complex Branch, Karachi. 2. Receiving will only be provided on duplicate bidding form. Please ensure that a duly filled duplicate bidding form is submitted with at the time of placement of bid. 3. The bidder is required to duly fill Additional Payment Form for depositing additional funds for enhancement of deposit amount. 4. Investors can revise and withdraw their bids by notifying either of the Joint Book Runners. Bid revisions and withdrawal facility will be available throughout the entirety of the Book Building process. 5. All Payments to be made in favor of Offer for Sale of Shares of Allied Bank Limited - Book Building Account at any of the following bidding centers: Bid Collection Centers Karachi Contact Person Waqar Ali Shaheer Shaikh Syed Furqan Ahmed Phone Fax Number wali@elixirsec.com sshaikh@elixirsec.com sfurqan.ahmed@akdsecurities.net Postal Address Elixir Securities, 8 th Floor, Dawood Centre, M. T. Khan Road, Karachi

2 Islamabad Contact Person Asim Ghafoor Najeeb Altaf Malik Khalid Hussain Phone Postal Address Elixir Securities, House # 68, Main Margalla Road, F-6/2, Islamabad Lahore Contact Person Tahir Maqbool Imtiaz Ahmed Bhatti Ehsan Ahmad Qureshi Phone tmaqbool@elixirsec.com iabhatti@elixirsec.com ehsan.ahmad@akdsecurities.net Postal Address Elixir Securities, Office # 2, Ground Floor, Rehman Business Centre, 32-B-III, Lahore 6. Eligible Investors residing outside the city of Bid Collection Centers, may submit their Bid(s) at the Designated Branches of MCB mentioned below. Designated Branches for Eligible Investors Residing Outside the City of Bid Collection Centres Code Branch Name Branch Manager Address Phone # MCB Circular Road Branch, Faisalabad MCB Hayatabad Branch, Peshawar Corporate The Mall Branch, Rawalpindi Corporate Branch, Abdali Road, Multan Mr. Muhammad Asif Awan Mr. Umer Zia Mr. Muhammad Shehzad Saleem Mr. Muhammad Rohail Akhtar Ground Floor, MCB Building, Circular Road, Faisalabad Phase V, Back side of Pak Tobacco Board, Hayatabad, Peshawar 35 B, Haider Road, Rawalpindi Cantt 59 A, Abdali Road Multan , , , , , muhammad.awan@mcb.com.pk mcb1448@mcb.com.pk ops0890@mcb.com.pk rohail.akhtar@mcb.com.pk mcb1039@mcb.com.pk 7. International Investors may submit their Bids via or fax to the Bid Collection Centers. 8. CASH SHOULD NOT BE SUBMITTED WITH BIDDING FORM AT THE BID COLLECTION CENTER. 9. THE BID SHOULD BE SUBMITTED ON THE PRESCRIBED BIDDING FORM IN PERSON as mentioned in note 6 above. 10. The bidders are requested to fill in both the original and duplicate copy of bidding forms completely. Upon submission, they will receive back the duly singed and stamped duplicate form of their bids which will be proof of their bid submission. In case of facsimile, a copy of form with receiving will be faxed back to the bidder. The bidder will not be provided with any receiving if a duly filled duplicate form is not submitted along with the bid. 11. Bids can be placed at limit price or step bid. a) Payment for Limit Price If investors are placing their bids through limit price then they shall deposit the Margin Money based on the number of shares they are bidding for at their stated bid price. For instance, if an Eligible Investor is applying for 0.8 million shares at a price of PKR 125 per share, then the total Bid Amount would amount to PKR 100,000,000 /-. In such a case, (i) an HNWI investor shall deposit PKR 100,000,000 in the specified Book Building account as the Margin Money which is 100% of PKR 100,000,000, and (ii) an Institutional Investor shall deposit at least PKR 25,000,000 in the specified Book Building account as the Margin Money, which is 25% of PKR 100,000,000.

3 b) Payment for Step Bids If investors are placing a Step Bid, which is a series of limit bids at increasing prices, then they shall deposit the Margin Money/Bid Amount based on the total number of shares they are bidding for at their stated bid prices. For instance, if the investor bids for 0.7 million shares at PKR 135 per share, 0.5 million shares at PKR 140 per share and 0.25 million shares at PKR 142 per share, then in essence the investor has placed one Step Bid comprising three limit bids at increasing prices. The Bid Amount in this instance would be PKR 200,000,000/-. In such a case, (i) an HNWI investor shall deposit PKR 200,000,000 in the specified Book Building account as the Margin Money which is 100% of PKR 200,000,000, and (ii) an Institutional Investor shall deposit at least PKR 50,000,000 in the specified Book Building account as the Margin Money, which is 25% of PKR 200,000, Joint Book Runners shall collect an amount of 100% of the application money as Bid Amount in respect of Bids placed by HNWI 13. Joint Book Runners shall collect an amount of 25% of the application money as Margin Money in respect of Bids placed by Institutional Investors 14. The Bidding Period shall remain open for two (2) working day during business hours. The Book Building process will open at 9:00AM PST and close at 5:00PM PST on December 10, 2014 and December 11, Bidders can revise and withdraw their bids by notifying either of the Joint Book Runners. Bid revisions and withdrawal facility will be available throughout the entirety of the Book Building process. For details, please refer to Para 2.10 and 2.12 of the Offer for Sale Document. 16. Successful bidders shall be intimated, within two (2) working days of the closing of the bidding period, the strike price and the number of shares provisionally allotted to each of them. 17. Successful institutional investors would be required to deposit the remaining balance within five (5) working days of the Book Building or three (3) working days from the intimation of successful provisional allocation, whichever is earlier. 18. Where a successful bidder defaults in payment of shares allotted to him, the margin money deposited by such bidder shall be forfeited to the Offerer. 19. Final of shares out of the Book Building Issue shall be made after receipt of full subscription money from the successful bidders. Shares to successful bidders shall be transferred within eight (08) working days of the book building process. 20. Unsuccessful bid shall be refunded within five (05) working days of the close of the bidding period, through courier, to the address submitted on the Bidding Form.

4 ... Allied Bank ALLIED BANK LIMITED Bidding Form Joint Book Runners Tick OneDKHI DLHRD 158DOthers Bidding starts on Dec 10, 2014 Bidding ends on Dec 11, 2014 Bidding form PI.EASE FILLTHE<FORMIN BLOCKlETTERS. PlEASEMAKESURE Name Address Fax # PaymenfDetaiis Amount in Figures Banker's Name, Address & Branch CDC Participant Name Sub House A/C No CDCInvestor Service A/C ID TO PROVIDE ACCURATE DETAilS TO AVOID ANY INCONVENIENCE Please Tick the appropriate box 0, High Net 0 Loc~1 I0, Institutional Investor. For~lgn, Institutional Investor Worth. Ind IVI ' ' d uais Cell # Resident Nationality land Non Resident linen. Foreigner CNIC/Passport, NTN Number* Payments to be made in favor of: "Offer forsale of Shares of Allied Bank Limited - Book BuildinQ Account" *Investors are encouraged to disclose their NTN Number for deduction of Tax at the reduced rate of 10% instead of 15% on Dividends Date CDCDetails for Sub AlC andhousealc CDCParticipant ID No, House A/C CpCDetailsfor Investor,A/C CDCInvestor A/C No DIVIDENDMANDATE(Optional): Mark tick [ Y' ] in the appropriate boxes: Yes [] No [ ] Incasethe Applicantintends that if shares applied for are issued to him/it and the dividenddeclared by the company, ifany, is credited directly in his/it bank account, instead of issue of dividend warrants, then please fill in the following boxes: I I Title of Account Bank Name & Address -- Account Number n The Privatisation Division, Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization 5-A Constitution Avenue, EDB Building, Islamabad, Pakistan Dear Sir, On the basis of Offer for Sale Document by the Privatisation Commission, Government of Pakistan for the sale of Government of Pakistan's residual shareholding in Allied Bank Limited dated December 05,2014, I/we hereby bid for subscription of shares of the company as under: of Shares Bid for (In Figures) Bid price per share (In figures) Bid Amount (In figures)

5 In terms of the Listing Regulations of the Karachi Stock Exchange ( KSE ), Lahore Stock Exchange ( LSE ), and Islamabad Stock Exchange ( ISE ) together collectively referred to as (the Stock Exchanges ), I/we am/are eligible to bid in this Offer For Sale. The amount payable on biding is remitted herewith which is the applicable margin amount. I/We agree to pay the balance amount of application money, if any, upon successful allocation of shares. In case no shares are allotted to me/us you are hereby authorized to return to me/us by demand draft/pay order/cheque application money, within five (05) working days of the close of the bidding period, through courier, to the first address written below or to the bank through which I/we tender this application. I/We agree that this is a binding agreement to accept the number of shares as may be allocated to me/us subject to the terms of the Offer for Sale Document, the bidding form and other applicable laws. I/ we undertake that I/we will sign all such other documents and do all such acts, if necessary on my/our part to enable me/us to be allocated/allotted/transferred the shares and to pay for the same. I/we authorize you to place my/our name(s) on the register of the members of the Company as holder(s) of the Ordinary Shares that will be allocated/allotted/transferred to me/us and to register my/our address as given below. I/ We noted that the Joint Book Runners are entitled, in their absolute discretion to accept or reject this Bidding Application for reason(s) to be recorded in writing and the reason(s) should be disclosed to us forthwith. I/We have no objection if there are necessary changes made in the Offer for Sale Document for filling of the same with the Securities and Exchange Commission of Pakistan ( SECP ). I understand that the Privatisation Commission, the Joint Book Runners, SECP and the Stock Exchanges reserve the right of legal action against me under the law of Pakistan, if I submit a fictitious bid and/or my the instrument deposited by me for margin money is bounced and I submit to the jurisdiction of the courts of Karachi in case of any dispute in relation to this bidding form or related matters. I DECLARE THAT: i) I AM/WE ARE NATIONAL(S) AND RESIDENT(S) OF PAKISTAN; ii) FORIEGNER; iii) I AM/WE ARE NOT MINOR(S); iv) I/ WE HAVE NOT MADE NOR HAVE I/WE INSTRUCTED ANY OTHER PERSON(S)/INSTITUTION(S) TO MAKE ANY OTHER APPLICATION(S) IN MY/OUR NAME(S) OR IN THE NAME OF ANY OTHER PERSON ON MY/OUR BEHALF OR IN ANY FICTITOUS NAME, IN CASE OF ANY INFORMATION GIVEN HEREIN BEING INCORRECT I/WE UNDERSTAND THAT I/WE SHALL NOT BE ENTITLED FOR ALLOCATION/ALLOTMENT/TRANSFER OF SHARES. Receiving will only be provided on duplicate bidding form. Please ensure that a duly filled duplicate bidding form is submitted with at the time of placement of bid. For deposit of margin money, only Pay Orders or Demand Draft will be accepted. Investors can revise and withdraw their bids by notifying either of the Joint Book Runners. Bid revisions and withdrawal facility will be available throughout the entirety of the bookbuilding process. Yours Faithfully, Signature: To be filled in by the Book Runner Time of Receipt Date Location Amount Pay Order / Demand Draft Stamp

6 -". AlliedBank ALLIEDBANKLIMITED Duplicate Bidding Form Joint Book Runners mj '''''-''_Ctd. Tick onedkhi DLHRD 15BDOthers Bidding starts on Dec 10, 2014 Bidding ends on Dec 11, 2014 Bidding form PLEASEFllCTHEFORMINBLOCK LETTERS. PLEASEMAKE SORETOPRO\lJDE ACCURATE DETAILSTO AVOID ANY INCONVENIENCE Name Please Tickthe appropriate D Local D Foreign D High Net Worth Institutional Investor Institutional Investor Individuals, Cell # Resident Nationality Address Land Line# Non Resident Foreigner Fax # CNIC/Passport., NTN Number* PaymentDetaiis Payments to bemade in favordf: "Offer for Sale of Shares of Allied BarikLimited -Book Buildina Account" *Investors are encouraged to disclose their NTNNumber for deduction oftax at the reduced rate oflo% instead ofl5% on Dividends Amount in Figures Banker's Name, Address & Branch Date CDCParticipant Name Sub House A/C No CDCDetaiisfor SubA/CandHouse A/C CDCParticipant ID No, House A/C CDCDetail.s forlnvestor A/t: I I CDCInvestor Service A/C ID I I CDCInvestor A/e No DIVIDENDMANDATE(Optional): Mark tick [./ ] in the appropriate boxes: Yes [] No [ ] Incasethe Applicantintends that if shares applied for are issued to him/it and the dividenddeclared by the company, if any, is credited directly in his/it bank account, instead of issue of dividend warrants, then please fill in the following boxes: Title of Account Bank Name & Address Account Number I The Privatisation Division,.. Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization 5-A Constitution Avenue, EDB Building, Islamabad, Pakistan Dear Sir, On the basis of Offerfor Sale Document by the PrivatisationCommission,Government of Pakistanfor the sale of Government of Pakistan's residual shareholding in AlliedBankLimiteddated DecemberOS,2014, I/we hereby bidfor subscriptionof shares of the companv as under: Bid Option (Please tick) Limit Order of Shares Bid for (In Figures) Step Order: Option (1) Option (2) Option (3) Option (4) Total (Shares and Bid) 1) Bidsshould be placed for a minimumamount of PKR500,000. It e noted that the number of shares bid for should be rounded & fractional shares will not be acceptable. Please ensure that a ~ ~. of shares multiplied by your bid price is at least PKR500,000. ~ ":,. ::.i ~ i 0 M.K.S.E. (I),u. III,.. Code Bid price per share (In figures) box Bid Amount (In figures) Signature of Bidder

7 In terms of the Listing Regulations of the Karachi Stock Exchange ( KSE ), Lahore Stock Exchange ( LSE ), and Islamabad Stock Exchange ( ISE ) together collectively referred to as (the Stock Exchanges ), I/we am/are eligible to bid in this Offer For Sale. The amount payable on biding is remitted herewith which is the applicable margin amount. I/We agree to pay the balance amount of application money, if any, upon successful allocation of shares. In case no shares are allotted to me/us you are hereby authorized to return to me/us by demand draft/pay order/cheque application money, within five (05) working days of the close of the bidding period, through courier, to the first address written below or to the bank through which I/we tender this application. I/We agree that this is a binding agreement to accept the number of shares as may be allocated to me/us subject to the terms of the Offer for Sale Document, the bidding form and other applicable laws. I/ we undertake that I/we will sign all such other documents and do all such acts, if necessary on my/our part to enable me/us to be allocated/allotted/transferred the shares and to pay for the same. I/we authorize you to place my/our name(s) on the register of the members of the Company as holder(s) of the Ordinary Shares that will be allocated/allotted/transferred to me/us and to register my/our address as given below. I/ We noted that the Joint Book Runners are entitled, in their absolute discretion to accept or reject this Bidding Application for reason(s) to be recorded in writing and the reason(s) should be disclosed to us forthwith. I/We have no objection if there are necessary changes made in the Offer for Sale Document for filling of the same with the Securities and Exchange Commission of Pakistan ( SECP ). I understand that the Privatisation Commission, the Joint Book Runners, SECP and the Stock Exchanges reserve the right of legal action against me under the law of Pakistan, if I submit a fictitious bid and/or my the instrument deposited by me for margin money is bounced and I submit to the jurisdiction of the courts of Karachi in case of any dispute in relation to this bidding form or related matters. I DECLARE THAT: i) I AM/WE ARE NATIONAL(S) AND RESIDENT(S) OF PAKISTAN; ii) FORIEGNER; iii) I AM/WE ARE NOT MINOR(S); iv) I/ WE HAVE NOT MADE NOR HAVE I/WE INSTRUCTED ANY OTHER PERSON(S)/INSTITUTION(S) TO MAKE ANY OTHER APPLICATION(S) IN MY/OUR NAME(S) OR IN THE NAME OF ANY OTHER PERSON ON MY/OUR BEHALF OR IN ANY FICTITOUS NAME, IN CASE OF ANY INFORMATION GIVEN HEREIN BEING INCORRECT I/WE UNDERSTAND THAT I/WE SHALL NOT BE ENTITLED FOR ALLOCATION/ALLOTMENT/TRANSFER OF SHARES. Receiving will only be provided on duplicate bidding form. Please ensure that a duly filled duplicate bidding form is submitted with at the time of placement of bid. For deposit of margin money, only Pay Orders or Demand Draft will be accepted. Investors can revise and withdraw their bids by notifying either of the Joint Book Runners. Bid revisions and withdrawal facility will be available throughout the entirety of the bookbuilding process. Yours Faithfully, Signature: To be filled in by the Book Runner Time of Receipt Date Location Amount Pay Order / Demand Draft Stamp

8 ALLIED BANK LIMITED Bid Revision Form Joint Book Runners Tick One KHI LHR ISB Others Bidding starts on Dec 10, 2014 Bidding ends on Dec 11, 2014 Bidding form The Government of Pakistan, Privatisation Division of The Ministry Of Finance, Revenue, Economic Affairs, Statistics and Privatization acting through the Privatisation Commission is offering 131,275,073 Ordinary Shares representing 11.5% of the Total Paid Up Share Capital of Allied Bank Limited at a Floor Price which shall be at a premium to the par value of PKR 10/- PLEASE FILL THE FORM IN BLOCK LETTERS. PLEASE MAKE SURE TO PROVIDE ACCURATE DETAILS TO AVOID ANY INCONVENIENCE Please Tick the appropriate box Name Local Institutional Investor Foreign Institutional Investor High Net Worth Individuals Cell # Resident Nationality Address Land Line# Fax # CNIC/NTN/Passport Payment Details: Amount in Figures Banker s Name, Address & Branch CDC Participant Name Sub House A/C No CDC Investor Service A/C ID Non Resident Foreigner Payments to be made in favor of: Offer for Sale of Shares of Allied Bank Limited - Book Building Account Date CDC Details for Sub A/C and House A/C CDC Participant ID No House A/C CDC Details for Investor A/C CDC Investor A/C No The Privatisation Division, Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization 5-A Constitution Avenue, EDB Building, Islamabad, Pakistan Margin % age Dear Sir, On the basis of Offer for Sale Document by the Privatisation Commission, Government of Pakistan for the sale of Government of Pakistan s residual shareholding in Allied Bank Limited dated December 05, 2014, I/we hereby bid for subscription of shares of the company as under: Bid Details of Shares Bid for Bid price per share Bid Amount Bid Option (Please tick) (In Figures) (In figures) (In figures) Limit Order Step Order: Option (1) Option (2) Option (3) Option (4) Total (Shares and Bid) 1) I DECLARE THAT I have read all the terms and conditions stated in the Offer for Sale Document and Bid Form. The same would be applicable on the Bid Revision Form. Signature of Bidder

9 Additional Payment Form Tick Joint Book Runners One KHI LHR ISB Others Bidding starts on Dec 10, 2014 Bidding ends on Dec 11, 2014 ALLIED BANK LIMITED Bidding form The Government of Pakistan, Privatisation Division of The Ministry Of Finance, Revenue, Economic Affairs, Statistics and Privatization acting through the Privatisation Commission is offering 131,275,073 Ordinary Shares representing 11.5% of the Total Paid Up Share Capital of Allied Bank Limited at a Floor Price which shall be at a premium to the par value of PKR 10/- PLEASE FILL THE FORM IN BLOCK LETTERS. PLEASE MAKE SURE TO PROVIDE ACCURATE DETAILS TO AVOID ANY INCONVENIENCE Name Client ID: (ID generated and ed at the time Bid of placement) CNIC/NTN/ Passport Resident Non Resident Foreigner Additional Payment Details Payments to be made in favor of : Offer for Sale of Shares of Allied Bank Limited - Book Building Account Amount in Figures Banker s Name, Address & Branch Cell # Land Line # Date Nationality Margin %age 1) I DECLARE THAT I have read all the terms and conditions stated in the Offer for Sale Document and Bid Form. The same would be applicable on the additional payment form. Signature of Bidder To be filled in by the Book Runner Time of Receipt Date Location Amount Pay Order / Demand Draft / Stamp