Untitled - Colombo Stock Exchange

More documents

Recommendations

Info

marked “BOC DEBENTURE ISSUE” on the top left hand corner in capital letters and dispatched by post or delivered by hand to the following address. Managers & Registrars to the Issue Investment Banking Division 23 rd Floor Bank Of Ceylon No 4, Bank Of Ceylon Mawatha <strong>Colombo</strong> 01 In the alternative Application forms may also be delivered by hand to the head office or to any branch of the Bank of Ceylon listed in Annexure IV or to any member firm or trading member of the CSE listed in Annexure V Applications sent by post or delivered to any places mentioned in Annexure IV and V should reach the office of the Managers and Registrars to the Issue at least by 4.30 p.m. on the third working day immediately upon the closure of the subscription list. Applications received after the said period will be rejected even though they have been delivered to any of the said places prior to the Closing date or carry a postmark dated prior to the closing date. Applications delivered by hand to the managers & registrars to the issue after the closure of the issue will also be rejected. 3.4 Mode of Payment 1. Payment should be made separately in respect of each application only by way of cheques, bank draft or bank guarantee, as the case may be. Each Application Form should be accompanied by no more than one cheque, bank draft or bank guarantee. Application with two or more cheques, bank drafts, or bank guarantees will be rejected. Application Forms accompanied by cash will not be accepted. 2. Cheques or Bank Drafts should be drawn upon any commercial bank in Sri Lanka and crossed “Account Payee Only” and made payable to “BOC Debenture Issue Account ”. The bank guarantee should be in a manner acceptable to BOC and should be issued by a commercial bank in Sri Lanka and payable on demand to “BOC Debenture Issue Account” 3. Payments for applications for values above and inclusive of Sri Lankan Rupees One Hundred Million (LKR 100,000,000) should be supported by a Bank Guarantee. Cheques and Bank Drafts will not be accepted for values above and inclusive of Sri Lankan Rupees One Hundred Million (LKR 100,000,000) Applicants are advised to ensure that sufficient funds are available in order to honour the bank guarantees, inclusive of charges when called upon to do so by the Managers/Registrars to the Issue. It is advisable that the applicants discuss with their respective bankers the matters with regard to the issuance of bank guarantees and all charges involved. All expenses inclusive of charges relating to Real Time Gross Settlements (RTGS) should be borne by the applicants. 4. The amount payable should be calculated by multiplying the number of debentures applied for by the issue price of LKR 100 per debenture. If there is discrepancy in the amount payable and the amount specified in the cheque/bank draft or bank guarantee, the application will be rejected. 5. In the event that cheques are not realised prior to the date of deciding the basis of allotment, the monies will be refunded and no allotment of Debentures will be made. Cheques must be honoured on first presentation for the application to be valid. 6. All cheques/bank drafts received in respect of the applications will be banked immediately after the closure of the subscription list. B O C DEBENTURE PROSPECTUS 11
3.5 Rejection of Applications 1. Application Forms and the accompanying cheques/bank drafts or bank guarantees, which are illegible or incomplete in any way and/or not in accordance with the terms, conditions and instructions, set out in this Prospectus will be rejected at the sole discretion of BOC. 2. Applications from foreign citizens, non-residents and individuals under the age of 18 years, or in the names of sole proprietorships, partnerships of unincorporated trusts will also be rejected. 3. Applications delivered by hand to the managers and registrars to the issue after the subscription list is closed will be rejected. Applications received by post after 4.30 p.m. on the third working day immediately following the date of closure of the subscription list, will also be rejected even if they carry a post mark dated prior to the closing date of the subscription list. Applications delivered to any places mentioned in Annexure IV & V should also reach the office of the Managers/Registrars to the Issue at least by 4.30 p.m. on the third working day immediately upon the closure of the Subscription List. Applications received after the said duration will be rejected even though they have been delivered to any of the said places prior to the closing date. 3.6 Allotment of Debentures The basis of Allotment will be decided by the Board of Directors of BOC before the expiry of seven (07) market days from the closure of the Issue in the event of an over subscription. No preferential allotments will be made by BOC with regard to any specific individual or entity. The allotments will be made in a fair manner. The directors of BOC reserve the right to refuse any application or to accept any application in part only, without assigning any reason therefore. 3.7 Unsuccessful Application BOC shall refund payment due on applications fully or partly unallotted within Ten (10) market days excluding the date of closure of the issue. Applicants shall be entitled to receive interest at the rate of last quoted average weighted prime lending rate (AWPLR) plus 5% for the delayed period on any refunds not made within this period. 3.8 Refunds, Debenture Certificates and Direct Lodgements 1. Where an application is not accepted, subsequent to the cheque being realised the applicant’s money in full or where an application is accepted only in part, the balance of the applicant’s money will be refunded. If the applicant has provided accurate and complete details of his bank account in the application, the bank shall make such refund payments to the bank account specified by the applicant, through Sri Lanka Inter bank payment system (SLIPS) and payment advice will be sent. If the applicant has not provided accurate and correct details of his bank account in the application, the bank shall make such refund payment to the applicant by way of a cheque and sent by post at the risk of the applicants. In the case of joint applications, the cheques will be drawn in favour of the applicant’s name appearing first on the application form. Refund cheques on Debentures, which have not been allotted, will be posted before the expiry of Ten (10) market days excluding the date of closure of the subscription list. Applicants would be entitled to receive interest at the rate of last quoted 12 B O C DEBENTURE PROSPECTUS
Page 1 and 2: Registered Ofice No. 4, Bank of Cey
Page 3 and 4: THE COLOMBO STOCK EXCHANGE (CSE) HA
Page 5 and 6: CORPORATE INFORMATION Issuer : Bank
Page 7 and 8: Opening Date : 01 st June 2010 comm
Page 9 and 10: Opening Date : 01 st June 2010 comm
Page 11 and 12: LKR : Sri Lankan Rupees MN : Millio
Page 13 and 14: further 20,000,000 Debentures or pa
Page 15 and 16: The rights and obligations of the T
Page 17 and 18: 2.12 Listing the executors or admi
Page 19: d) If the ownership of the Debentur
Page 23 and 24: 4. OVERVIEW OF THE BANK 4.1 Histori
Page 25 and 26: 16 Stable deposit enabling solid b
Page 27 and 28: LKR Mn LKR Mn 1.5 0.5 18 1 0 70,000
Page 29 and 30: Objective -Transform BOC to Complet
Page 31 and 32: 22 - do - National Savings Bank 1,0
Page 33 and 34: 4.5 Patents, Brands & Trade Marks B
Page 35 and 36: Ceybank Holiday Hones (Pvt) Ltd Pri
Page 37 and 38: 5. THE BOARD OF DIRECTORS 5.1 The d
Page 39 and 40: 30 No Director of BOC or a person n
Page 41 and 42: Approval of annual and interim Fina
Page 43 and 44: 34 iii Evaluate the committee’s o
Page 45 and 46: 36 Credit committee The overall obj
Page 47 and 48: Dr L Siriwardena Head of Research a
Page 49 and 50: 9 STATUTORY AND OTHER GENERAL INFOR
Page 51 and 52: Declaration by the Bank An applicat
Page 53 and 54: nature of such interest at the meet
Page 55 and 56: To exercise it’s (n) To do all or
Page 57 and 58: SECOND SCHEDULE PART 1 Proceedings
Page 59 and 60: PART II Powers and Duties of Direct
Page 61 and 62: PART IV Dividends and Reserve Half-
Page 71 and 72:
PART IV Dividends and Reserve Half-
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 92 and 93:
BOC BRANCH NETWORK NORTH CENTRAL PR
Page 94 and 95:
Wellawaya 055-2274880 Athurugiriya
Page 96 and 97:
D N H Financial (Pvt) Ltd.,Level 16
Page 98 and 99:
Kurunegala AGM’s Quart’s Kurune
Page 100:
New Head Office Building 4, Bank of
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Financial Reports 2009 BANK OF CEYL
Page 110 and 111:
1.7.2 Deferred Taxation Deferred ta
Page 112 and 113:
2.2.2 (d) Provision for Pawning A 1
Page 114 and 115:
The initial costs comprise license
Page 116 and 117:
fivecontinuous years dies while in
Page 118 and 119:
4.2.6 Premium Receivable According
Page 120 and 121:
110 7. Cash Flow and Cash and Cash
Page 122 and 123:
Page 124 and 125:
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
show all

Untitled - Colombo Stock Exchange

Create successful ePaper yourself

Delete template?

Save as template?