AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, December 27, 2012 (PPI-OT): This accordance with the Listing Regulation, we would like to inform you that the Company has asked the Bank of New York Mellon (BNY) to discontinue / terminate its Level / Sponsored American Depository Receipt (ADR) Program.
Level I ADR programs on OTC Pink Sheets have been generally unpopular with most of the activity in ADRs are confined towards Level II arid III programs on other OTC platforms. We have decided to terminate the ADR program and are of the view that this will not have any adverse impact on the price or trading volume of the Ordinary Shares on the Stock Exchanges in Pakistan.
Further, we would also like to inform you that 60, 000 ADRs, equivalent to 3,000,000 Ordinary Shares, have been created during the program. These ADR are expected to convert back in to Ordinary Shares over next 3-4 months.
For more information, contact:
Fatima Fertilizer Company Limited
E-110, Khayaban-e-Jinnah,
Lahore Cantt, Pakistan
PABX: +92-42-111-FATIMA (111-328-462)
Fax: +92-42-38621389
Web: www.fatima-group.com