Karachi, June 13, 2012 (PPI-OT): This is with reference to your letter # KSE/C-204-4782 dated June 12, 2012 regarding the subject cited above.
In accordance with Listing Regulation No. 30-D (iv) we are pleased to inform you that, we the majority Shares holders of M/s. Bawany Sugar Mills Limited (BAWS) dually accepted the minimum buy-back price of Rs. 10.75/-per share.
We the majority shares holder of M/s. Bawany Sugar Mills Limited dually accepted the purchasing of 529,000 shares out of the total 2,647,913 ordinary shares outstanding with the shares holders other than Sponsors for qualifying the de-listing process.
For more information, contact:
Bawany Sugar Mills Limited
1st Floor, Block-2,
Hockey Club of Pakistan Stadium,
UAN: 92-21 111-600-447
Ph: 92-21 35657781-6, 92-21 35655131-4
Fax: 92-21 35680533