The Karachi Stock Exchange Limited’s notice of suspension of CDS eligibility of ordinary share of First Dawood Mutual Fund Limited (managed by Dawood Capital Management Limited)
Karachi, March 28, 2013 (PPI-OT): Pursuant to the notice no, KSE/N-1782 of The Karachi Stock Exchange Limited (“KSE”) dated March 25,2013 suspending trading in the Ordinary Shares (Security Symbol: FDMF) of First Dawood Mutual Fund (managed by Dawood Capital Management Limited) (“the Issuer”) with effect from March 26, 2013 pursuant to the directive of the Securities and Exchange Commission of Pakistan bearing no.SMD-SE2(244) 2013 dated March 25,2013, the Central Depository Company of Pakistan Limited has decided, pursuant to regulation 5.3.1 of the CDC regulations, to suspend the CDS eligibility of ordinary shares of the Issuer with effect from March 26,2013.
Further, in view of regulation 5.4.1 of the CDC regulations only following transactions shall be allowed during the suspension period:
(a) Transfer of Securities pertaining to settlement of pending market-based Securities transactions through the clearing company in accordance with the Procedures:
(b) Valid Pledge Release Transactions;
(c) Valid Pledge Release Transactions;
(d) Valid Deposit Request Cancellation transactions;
(e) Valid Deposit Rejection Transactions;
(f) Valid Withdrawal Request Cancellation Transactions;
(g) Valid Withdrawal rejection Transactions;
(h) Valid Rights Subscription request transactions;
(i) Valid Cancellation Request Cancellation Transaction and
(j) Crediting of Book-entry Securities made pursuant to Chapters 8AA, 8C, 9D, sub-clauses(e) to
(h) of clause (i) of Regulation 8F.1 and regulation 12.4.6.
This notice is issued pursuant to regulation 5.3.3 of the CDC regulation.
For more information, contact:
The Karachi Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136