AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, November 05, 2012 (PPI-OT): We refer to our letter Ref: CL-223/12 dated October 19, 2012 wherein we had informed you that Jahangir Siddiqui and Company Limited (“JSCL”) has sold 15,766,153 shares of Pakistan International Container Terminal Limited (“PICT”) to ICTSI Mauritius Limited (“ICTSI”).
This is to inform you that JSCL has signed a Share Purchase Agreement with ICTSI for the sale of its remaining entire holding of 7,233,847 shares of PICT. As a result of this sale JSCL’s holding in PICT will become Nil.
The above information is disseminated to the stock exchange in compliance with Clause (xx) of the Code of Corporate Governance.
For more information, contact:
Naveed Khimani
Company Secretary
Jahangir Siddiqui and Company Limited
6th Floor, Faysal House, Shahrah-e-Faisal
Karachi-75530, Pakistan
UAN: +92 21 111 574 111
Dir: +92 21 3279 9556
Fax: +92 21 3280 0090
Web: www.js.com