Karachi, May 15, 2012 (PPI-OT): Further to our Notice No. KSE/N-608 dated February 15, 2012 on the subject.
Hashimi Can Company Limited was issued notice on account of defaults of Listing No. 30(1) (b), 30 (1) (e) and 30 (1) (g) i.e. non-holding of AGMs, non-payment of Annual Listing Fee and non-induction of ordinary shares of the company into CDS of the Central Depository Company of Pakistan Limited.
The company was required to rectify the above defaults within 90 Days i.e. upto May 15, 2012. The company vide letter received on March 21, 2012 and also notified vide Notice No. KSE/N-1438 dated May 21, 2012 has informed to opt for voluntary delisting though buy-back of shares by the Sponsors under the Listing Regulation No. 30-A.
In view of above, the company has been and extension in time to fulfil the requirements of Listing Regulation No. 30-A within 60 Days i.e. upto July 14, 2012.
In case the company fails to fulfil the requirements of the Listing Regulations the Exchange shall proceed to initiate further action including delisting of the company from the Exchange.
Trading in the shares of the company shall remain suspended in exercise of the powers vested in the Exchange under the Sub-section (7) of Section 9 of the Securities and Exchange Ordinance, 1969 and the Listing Regulations of the Exchange.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136