Karachi, May 31, 2013 (PPI-OT): Notice is hereby given to the Certificate holders of JS Growth Fund (closed end scheme) that:
1. The Register of the Certificate Holders shall remain closed from June 14, 201 3 for determining the entitlement to the initial units of the Open-end scheme (after conversion) in lieu of the certificates of the closed end scheme upon its conversion into and Open-end scheme on the ‘Effective Date’.
2. The trading of the certificates of JS Growth Fund on Karachi, Lahore and Islamabad Stock Exchanges shall stand suspended from June 14, 2013.
3. July 20, 2013 shall be the “Effective Date” of conversion of the Fund from a Closed-end scheme in to an Open-end Scheme.
4. From the “Effective Date”, the modified and restated trust deed scheme (Third Supplemental Trust Deed) and the Replacement Offering Document of the Open-end scheme shall become Effective.
5. From the Effective Date of Conversion, the status of all existing certificate holders whose name appear in the Register at the close of Business on June 13, 2013 shall automatically stand changed to the Initial Unit Holders of the Open-end scheme.
6. From the Effective Date of Conversion, all existing certificates issued by JS Growth Fund and held by the certificate holders at close of business on June 13, 2013 shall automatically stand converted into initial units in the ratio of 10:1 so that every certificate holder shall be issued One (01) unit of the Par Value of Rs. 100/- each for every ten (10) certificates of Par Value of Rs. 10/- each that were held by him prior to conversion, and physical certificates, if any, issued to certificate holders, under the closed end scheme shall stand cancelled upon issuance of such initial units.
The initial units shall be subject to the back end load of 20% of the net asset value per initial unit for redemption within twelve months of the ‘Effective Date’ as per Certificate Holders’ Resolution.
You may inform the members of Exchange accordingly.
For more information, contact:
Muhammad Khawar Iqbal
Company Secretary
JS Investments Limited
7th Floor, The Forum, B-9,
Clifton, Karachi – 75600, Pakistan.
UAN: (+92-21)111-222-626
Fax: (+92-21) 35361724
Dir: (+ 92-21) 3536 1733
Email: ceo@jsil.com