Lahore Stock Exchange decides to delist Mineral Grinding Mills Limited : AsiaNet-Pakistan

Lahore Stock Exchange decides to delist Mineral Grinding Mills Limited

November 12, 2015 | General Business News | Share:

Lahore, November 12, 2015 (PPI-OT):Mineral Grinding Mills Ltd. was listed at Lahore Stock Exchange in the year 1991. The Company is under violation of Listing Regulations No. 30(1)(b)(d)(e)(g) of the Exchange i.e. non-holding of AGM, had gone into liquidation though Court Order, non-payment of annual listing fee of the Exchange and fail to induct its ordinary shares into CDS. Trading in the shares of the Company had already been suspended w.e.f. August 16, 2010. The Company has been dissolved vide Order of Sindh High Court received from the SECP.

In pursuance of the above, 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 LSE Listing Regulations has decided to delist the Company from the Exchange with effect from Thursday, November 12, 2015. After the de-listing of this company the number of Companies listed at LSE would reach to 432.

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
Tel: +92-42-36368000
Fax: +92-42-36368484-85


Category: General Business News