Vallibel One amends basis of allotment

Thursday, 7 July 2011 00:00 - - {{hitsCtrl.values.hits}}

Vallibel One Ltd., (VOL) yesterday announced amendments to the basis of allotment in the retail category after removing applications on account of cheque returns and CDS rejections.

VOL said allotment in the retail category was carried out as per the basis of allotment announced earlier, consisting of a minimum allotment of 100 shares and a pro-rated allocation of 34.21053% of the balance shares applied.

“Due to rounding of allotments to the nearest 100 shares, there remained an excess of 178,800 shares available for allotment within the retail category. The said shares were allotted as follows. An additional fixed allotment of 100 shares each per applicant was made on account of all 1,625 valid applicants who had subscribed for between 3,100 to 4,000 shares, amounting to a total of 162,500 shares, leaving a balance quantity of 16,300 shares,” VOL said.

It also said there were 410 valid applicants who had subscribed for 3,000 shares each. A lottery process was used to select 153 applicants out of the said 410 applicants who had applied for 3,000 shares. The selected 163 applicants were allotted an additional fixed allotment of 100 shares.

Accordingly, the final number of shares applied for in each category, and the final number of shares allotted after rounding off are as follows