Karachi, May 24, 2012 (PPI-OT): We refer to our letter FIN-10 dated February 2, 2012 and our Corrigendum No. FIN-750 dated 11, 2012, copies of which are enclosed, which are self-explanatory.
Pursuant to the Securities and Exchange Commission of Pakistan’s (“SECP”) Directive dated January 25, 2012, we had informed you that a meeting of the shareholders of JS Value Fund Limited (“JSVFL”) will be required to be convened in December 2012, to decide as to whether to convert JSVFL into an open-end scheme, or to wind-up JSVF, as required by Regulation 65 of the NBFC Regulations.
In compliance with second requirement of the SECP’s Directive the Board of Directors of JSVFL has now tentatively fixed the date of Thursday, December 13, 2012 for holding the general meeting of the shareholders of JSVFL for the purpose of implementation of Regulations 65 of the NBFC Regulations.
The above information has also been placed at JS Investments Limited’s website www.jsil.com and will also be disclosed in the ensuing published accounts of JSVFL.
For more information, contact:
Muhammad Khawar Iqbal
CFO and Company Secretary
JS Value Fund Limited
7th Floor, The Forum, G-20,
Clifton, Karachi – 75600, Pakistan.
Fax: (+92-21) 35361727