Global expertise with local faces
Global expertise with local faces

CORPORATE DISTRIBUTIONS

Overview

DIVIDEND

– FAMCO shall obtain a copy of Corporate Distribution announcement after it has been sent to Stock Exchange and CDC. Based on book closure data, FAMCO shall extract a Dividend Entitlement Register. Dividends are distributed upon CLIENT’s approval.

RIGHT ISSUE

– FAMCO shall provide Work Plan and Responsibility Matrix for the Right Issue.

– Based on book closure data of physical & CDC shareholder FAMCO shall process Right Entitlement register.

– FAMCO shall print & dispatch Right Letters to physical shareholders & intimation letters for CDC shareholders.

– FAMCO shall maintain records as required under the Share Registrars and Balloters Regulation 2017. FAMCO will exchange undelivered Physical Right Certificates against paid Right Letters.

UNDELIVERED SHARE CERTIFICATES AT FAMCO

  • FAMCO shall prepare list of undelivered share certificates analyzed as follows:

– Monthly transfer

– Transmission case

– Bonus

– Rights

– Un-exchanged merger certificates.

  • FAMCO shall submit quarterly report to SECP.
  • CDS OPERATIONS

– FAMCO shall perform all obligations, which are required to be performed by the Registrar under CDC Regulations, including;

– Establishing and maintaining links with CDC network via modem.

– Facilitating switch-over of the shares to CDS by shareholders desirous of going to CDS.

– Preparing emergency back-up of CDS when an Emergency is declared as per Regulation No. 3.6 of CDC Regulations.

– We shall liaise with the CDC as and when required.

  • RECONCILIATION

– We shall carry out regular reconciliation of CDC account in the Company’s Register of Members with Company’s account in CDC.

  • CDC AUDIT

– We shall lend ourselves for CDC audit and provide the auditors all relevant documents.

  • RIGHTS ISSUE

– We shall process Right Issue as per relevant CDC Regulations.

  • BONUS ISSUE

– Our IT systems and manual procedures are capable of catering for Bonus Issue to CDC account holders.

  • COUNTER OPERATIONS

– We shall continue to deal with the non-CDS shareholders in the normal way and guide them regarding:

Lost shares and

Unpaid dividends

Transmission procedure and other issues

Ovais Khan

CEO / CHARIMAN

ceo@famco.com.pk

+92 21 32422344, 32427406

ASAD ALI SHAH

SNR. EXECUTIVE DIRECTOR

asad@famco.com.pk

+92 300 4421172

PERVEZ USMAN KHAN

SNR. EXECUTIVE DIRECTOR

pervez.usman@famco.com.pk

+92 300 2396487

HARIS AHMED

EXECUTIVE DIRECTOR

haris.ahmed@famco.com.pk

+92 300 8248164