Union Bank – Delay in announcing the Allotment

milanka · 1 Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 11:44 am

milanka

Vice President - Equity Analytics

Posts : 1102
Equity Stars : 6861
Reputation : 164
Join date : 2011-01-28
Location : Q Soft.

As per the Prospectus paragraph 5.17

“ The Board of Directors of the Bank will endeavor to decide and announce to the CSE the basis of allotments within seven (07) Market Days from the Closure Date.

A written confirmation informing successful Applicants on their allotment of Shares in issue will be dispatched not later than ten (10) Market Days from the Closure Date as required by the CSE. “

Which means the bank could announce the allotment even after 7 days. Note :- That it says the bank will endeavor to decide and announce .

The allotment announcement is already overdue and It could get further delayed as per the above.
What do you all think ?

Fresher · 2 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 6:22 pm

Fresher

Moderator

Posts : 1498
Equity Stars : 7520
Reputation : 163
Join date : 2011-02-04

then it should be out tomorrow (10 mkt days). am I correct?

milanka · 3 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 6:25 pm

milanka

Vice President - Equity Analytics

Posts : 1102
Equity Stars : 6861
Reputation : 164
Join date : 2011-01-28
Location : Q Soft.

npp wrote:then it should be out tomorrow (10 mkt days). am I correct?

Yes - I too think on same line.

kiri · 4 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 8:15 pm

kiri

Manager - Equity Analytics

Posts : 140
Equity Stars : 5031
Reputation : 15
Join date : 2011-02-05

as i feel UB will plan to give interest us. Very Happy

Aamiable · 5 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 10:23 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6295
Reputation : 176
Join date : 2011-02-21

I think they will refund soon.

Fresher · 6 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 7:20 am

Fresher

Moderator

Posts : 1498
Equity Stars : 7520
Reputation : 163
Join date : 2011-02-04

Aamiable wrote:I think they will refund soon.

that is obvious isn't it Smile

limestone · 7 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 9:20 am

limestone

Manager - Equity Analytics

Posts : 120
Equity Stars : 4999
Reputation : 11
Join date : 2011-02-03

I hope they will refund my money today . otherwise I will go mad . BTW can we claim interest if they dont refund today ?

milanka · 8 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 9:28 am

milanka

Vice President - Equity Analytics

Posts : 1102
Equity Stars : 6861
Reputation : 164
Join date : 2011-01-28
Location : Q Soft.

limestone wrote:I hope they will refund my money today . otherwise I will go mad . BTW can we claim interest if they dont refund today ?

No need to claim. unless they pay back us the balance today , we are to get interest at the rate of AWPLR + 5%. AWPLR is calculated and published by cent.bank.

Monster · 9 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 12:24 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8191
Reputation : 279
Join date : 2011-01-22

http://www.cse.lk/cmt/upload_cse_announcements/6131299826631_.pdf

mark

mark

Expert

Posts : 2677
Equity Stars : 9759
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

Monster wrote:http://www.cse.lk/cmt/upload_cse_announcements/6131299826631_.pdf

kan · 11 Unoin Bank Allotment Fri Mar 11, 2011 1:04 pm

kan

Equity Analytic

Posts : 29
Equity Stars : 4861
Reputation : -5
Join date : 2011-03-02

less than 5000 shares will get only 100 shares
More than 5000 shares will get 200 shares and 0.19%
you will get your refund on Monday...
Now go 4 Free Lanka Capital holding

Aamiable · 12 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:07 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6295
Reputation : 176
Join date : 2011-02-21

kan wrote:less than 5000 shares will get only 100 shares
More than 5000 shares will get 200 shares and 0.19%
you will get your refund on Monday...
Now go 4 Free Lanka Capital holding

Lot of refund!! I don’t waste funds again for IPO, next IPO that will be a 99 percent refund . Instead I will buy some fundamentally sound shares at bargain prices.

Gaja · 13 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:09 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9690
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

the real winner is the person who applied for 1,000 shares

mark · 14 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:25 pm

mark

Expert

Posts : 2677
Equity Stars : 9759
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

Gaja wrote:the real winner is the person who applied for 1,000 shares

isn't it 100 shares? Question

Gaja · 15 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:26 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9690
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

mark wrote:

Gaja wrote:the real winner is the person who applied for 1,000 shares

isn't it 100 shares?

yes 100 not 1,000

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

Union Bank – Delay in announcing the Allotment

1 Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 11:44 am

milanka

2 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 6:22 pm

Fresher

3 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 6:25 pm

milanka

4 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 8:15 pm

kiri

5 Re: Union Bank – Delay in announcing the Allotment Thu Mar 10, 2011 10:23 pm

Aamiable

6 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 7:20 am

Fresher

7 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 9:20 am

limestone

8 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 9:28 am

milanka

9 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 12:24 pm

Monster

10 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 12:31 pm

mark

11 Unoin Bank Allotment Fri Mar 11, 2011 1:04 pm

kan

12 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:07 pm

Aamiable

13 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:09 pm

Gaja

14 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:25 pm

mark

15 Re: Union Bank – Delay in announcing the Allotment Fri Mar 11, 2011 1:26 pm

Gaja

16 Re: Union Bank – Delay in announcing the Allotment

Sponsored content

New topics