Karachi, November 13, 2012 (PPI-OT): Further to our notice dated August 7, 2012 notifying extension of suspension of CDS Eligibility of Ordinary Shares (Security Symbol: SHTM) of Shahpur Textile Mills Limited (hereinafter referred to as the “Issuer”) on account of failure to pay the fine as imposed vide our notice dated December 20, 2010 due to non-compliance of CDC Regulations, this is to notify that in view of continuous default by the Issuer with regards to payment of fine as aforesaid, Central Depository Company of Pakistan Limited has decided that the CDS Eligibility of Ordinary Shares of the Issuer shall remain suspended for a further period of 60 Business Days commencing from November 8, 2012.
Please note that this suspension is in addition to the suspension imposed pursuant to our notice dated February 16, 2012 due to suspension of trading by the Karachi Stock Exchange Limited (KSE) and Lahore Stock Exchange Limited in the ordinary shares of the Issuer.
Restoration of CDS Eligibility of ordinary shares of the Issuer shall be subject to removal of causes of suspension in every respect.
For more Information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136