Karachi, September 20, 2012 (PPI-OT): This is with reference to your letter no. KSE/C-316-A-6804 dated September 17, 2012 regarding the captioned subject. We hereby convey our acceptance to purchase ordinary shares of the Company at a buy-back price of Rs. 40/- per share subject to the Company having been delisted pursuant to the acquisition of 103,000 ordinary shares (5% of total outstanding shares) with the shareholders other than sponsors, as approved by the Voluntary Delisting Committee of the Exchange in order to quality for delisting.
For more information, contact:
Globe Textile Mills (OE) Limited
105, Ibrahim Trade Tower,
Shahrah-e-Faisal, Karachi – Pakistan
Tel: 34327534, 34327535