PHOENIXFIN

SEC has approved the Rights offer of Phoenix Finance & Investments Ltd. for 8,74,087 ordinary shares of Tk. 100.00 each at an issue price of Tk. 200.00 per share (including a premium of Tk. 100.00 each) totaling Tk. 17,48,17,400.00 only at a ratio of 1R: 5, i.e. one Rights share for five existing shares. The approval has been accorded subject to the condition that the company shall comply with the requirements embodied in the Securities and Exchange Commission (Rights Issue) Rules, 2006 and other relevant laws and Regulatory Requirements, and shall also adhere to the conditions imposed by SEC under Section-2CC of the Securities and Exchange Ordinance, 1969.