Lahore Stock Exchange decides to delist Medi Glass Limited with effect from September 28, 2015
Lahore, September 22, 2015 (PPI-OT): Medi Glass Limited was listed at the Lahore Stock Exchange in the year 1990 and its total paid up capital is Rs. 75.938 million. The Company is under violation of Listing Regulations No. 30(1)(b)(d)(e)(g) of the Exchange i.e. non-holding of AGM, has gone into liquidation through Court Order, 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.
Trading in the shares of the Company has already been suspended w.e.f. August 16, 2015. The company has been dissolved vide order of the Honorable Lahore High Court received from SECP.
In view of the above and keeping in view the public interest, Lahore Stock Exchange Limited after due consideration of facts and circumstances and in exercise of the powers vested in it under Section 19(4) of the Securities Act, 2015 and Listing Regulation of the Exchange has decided to delist Medi Glass Limited from the Ready Board Quotation of the Exchange w.e.f. September 28, 2015. After the de-listing of this company the number of Companies listed at LSE would reach to 433.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan