The Karachi Stock Exchange Limited’s regulations notice of extension of suspension of CDS eligibility of ordinary shares of Fawad Textile Mills Limited under the CDC
Karachi, March 13, 2013 (PPI-OT): Further to our notice dated December 10, 2012 notifying suspension of CDS Eligibility of Ordinary Shares (Security Symbol: FTM) of Fawad Textile Mills Limited (hereinafter referred to as the “Issuer”) on account of failure of the Issuer to comply with Regulation 13.7.1 by submitting R/TA Reconciliation Report along with payment of fine as imposed thereon.
Considering that the Issuer is continuously in default to comply with Regulation 13.7.1, as well as payment of fine imposed 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 March 8, 2013.
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:
From: Fazal Hussain Gaffoor
CFO and Company Secretary
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136