Karachi, December 19, 2012 (PPI-OT): This is further to our earlier letter dated June 14, 2011 on the above captioned subject, kindly note that we have obtained consents from majority preference share holders for settlement of their preference shares via issuance of PPTFCs.
In this regard a major portion of our preference shares has already been settled through PPTFCs. As soon as we complete the process of settlement of the remaining preference shares we will update you about the final status of redemption.
For more information, contact:
Azgard Nine Limited
Ismail-Aiwan-E-Science,
Off: Shahrah-e-Roomi,
Lahore – 54000, Pakistan
UAN: +92 (0) 42 111 786 645
Fax: +92 (0) 42 3576 1719
Web: www.azgard.com