The Karachi Stock Exchange (Guarantee) Limited’s notice of suspension of CDS eligibility of ordinary shares of Javed Omer Vohra and Company Limited under the CDC regulations

Karachi: The Chief Executive Officer, Javed Omer Vohra and Company Limited

In view of non submission of R/TA Reconciliation Report by Javed Omer Vohra and Company Limited (hereinafter referred to as the Issuer) for financial year ended June 30, 2011 despite our follow ups and notice dated January 26, 2012 under Regulation 13.7.1 of the CDC Regulations allowing further 3 Business Days to Comply with the said notice, fine was imposed on the Issuer where an invoice was raised in this regard.

As the Issuer is continuously in default of the said regulatory requirement, this failure on its part is construed contravention of the CDC Regulations, this giving rise to Regulation 5.3.1 of the CDC Regulations, which authorize CDC of take action including suspension of CDS Eligibility of Securities of the Issuer in respect of which non-compliance or contravention has occurred.

In view of the above CDC has decided to suspend the CDS Eligibility of Ordinary Shares (Security Symbol: JOVC) of the Issuer with immediate effect.

Please note that this suspension is in addition to the suspension imposed pursuant to our notice dated November 10, 2011. This suspension shall remain in force till such time the causes of both the suspension are removed by the Issuer in every respect.

For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk