The Karachi Stock Exchange (Guarantee) Limited’s Notice of Revocation of CDS Eligibility of Ordinary Shares
Karachi: This is to notify under Regulation 5.3.3 of the CDC Regulations that consequent to buy-back of ordinary shares of The Frontier Sugar Mills and Distillery Limited (“Issuer”) by its sponsors and resultant delisting of the same by the Karachi, Lahore and Islamabad Stock Exchanges as notified by the Issuer vide letter dated November 18, 2011, the CDS Eligibility of ordinary shares of the Issuer shall be revoked by CDC with effect from Thursday, November 24, 2011.
As a requirement of CDC Regulations, CDC shall provide list of shareholders to the Issuer showing details of Accounts Holders and Sub-Account Holders along with details of number of shares of the Issuer held by them represented by Book-entry Securities, on the basis of which physical share certificates shall be prepared by the Issuer and provided to the CDC, upon receipt of which, CDC shall dispatch such share certificates along with duly signed transfer deeds to the respective beneficial owner including pledges, where applicable.
The Issuer is advised to complete the above referred formalities within thirty (30) Business Days of receipt of list of shareholders from CDC as aforesaid.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136