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Lahore Stock Exchange approves application for formal listing and quotation of shares of Hascol Petroleum Limited on completion of all formalities

Lahore, May 13, 2014 (PPI-OT): Lahore Stock Exchange Limited has approved the application for formal listing and quotation of shares of Hascol Petroleum Limited on completion of all formalities required under the Listing Regulations of the Exchange.

It is therefore, notified that: Trading in the shares of the Company will start on the Ready Board of the Lahore Stock Exchange from Wednesday, May 14, 2014 and all transactions taking place in respect of the above Company shall be settled on T+2 settlement basis from the above date. The first settlement date will be May 16, 2014. The Market lot of the Company will be 500 shares of Rs. 10/- each. After the listing of this company at LSE number of listed companies will be 434.

The shares of the Company have already been declared eligible security by the Central Depository Company of Pakistan Ltd. (CDC) and all the transactions shall be settled through the NCCPL, which has already assigned Company Code/Security Symbol as “HASCOL”.

The opening price of shares of the Company will be Rs. 56.50 per share as determined through book building process. Normal circuit breakers will be applicable on the opening price of shares in the Ready Market. The Company will be quoted under “Oil and Gas Marketing Companies” Sector of the Ready Board Quotation of the Exchange.

The Share Registrar of the Company is Central Depository Company of Pakistan Ltd., CDC House, 99-B, Block ‘B’, S.M.C.H.S. Main Shahra-e-Faisal, Karachi-Ph: 021-111-111-500, Fax: 021-/34326053 Managing Director and Chief Executive Officer of Lahore Stock Exchange Mr. Aftab Ahmed Chaudhry congratulated the stakeholders and management of HASCOL PETROLEUM LIMITED and informed the investors that after the listing of this company at the Lahore Stock Exchange, a new product in “Oil and Gas Marketing Companies” sector will available for investment.

MD also highlighted the steps taken by the LSE contributing to build a mechanism that has produced more transparency in the trading of the shares as well as to secure the investment of the investors. Lahore Stock Exchange is a fully electronic and completely automated stock exchange of Pakistan that is the only domestic exchange to have more than one trading floors in the region.

For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Cell: +92 306 4506086
Tel: Direct +92 4236280792, +92 423636 8000 Ext. 5031-5032
Fax: +92 42 3636 8485 – 111 441441
Email: barkatali@lse.com.pk
Web: www.lse.com.pk

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