AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Chief Executive Officer,
Mandviwalla Mauer Plastic Industries Limited.
By our notice dated March 06, 2012 and revised notice dated March 16, 2012 issued to Mandiwala Mauser Plastic Industries Limited (hereinafter referred to as the (“Issuer”) under Regulation 5.3.2 of the Central Depository Company of Pakistan Limited Regulation (“the CDC Regulation”), we showed our intention to suspend the Central Depository System Eligibility (CDS Eligibility”) of ordinary shares (Security Symbol: MWMP) (hereinafter referred to as the “said securities”) of Issuer with affect from April 2, 2012 (the “Revised Effective Date”), if the Issuer falls to comply with Regulation 13.7.1 of the Regu1a1tion by submitting R/TA Reconciliation report correct as of June 30, 2011 duly authenticated by their external auditors along with Payment of fine of Rs. 10,000/-, before the Revised Effective Date.
It is new notified that CDC has decided to suspend the CDS Eligibility of the said Securities of the Issuer with effect from Friday, April 06, 2012 on account of failure of the Issuer to comply with Regulation 13.7.1 of the CDC Regulations and non-payment of fine Rs. 10,000/-. This suspension shall remain in force till further notice. During the suspension period no now deposit request will be accepted in the CDS.
It is to be noted as per the CDC Regulations, if a suspension of the CDS Eligibility of any Securities of an Issuer continues for 60 Business Days, CDS Eligibility of such Securities May be revoked with effect from End of Days on the Last day of the suspension.
Consequent upon revocation of CDS Eligibility of an Issuer, all the Securities of such Issuer held in the account and sub-accounts in the CDS represented by Book-entry Securities will be cancelled including Securities held under pledged position.
Further, as required under regulation 5.3.3(b), a copy of this being sent to the Stock Exchange on which the Securities of the Issuer are listed.
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