Lahore Stock Exchange decided to list Ghani Global Glass Limited on May 27, 2015

Lahore, May 26, 2015 (PPI-OT): Lahore Stock Exchange Ltd. has approved the application for formal listing and quotation of shares of Ghani Global Glass Ltd. on completion of all formalities required under the Listing Regulations of the Exchange.

Ghani Global Glass Ltd. is being listed on the Exchange as a result of amalgamation/merger of Libaas Textile Ltd. (a listed Company of the Exchange) with and into Ghani Global Glass Ltd. under a Scheme of amalgamation/merger sanctioned by the Honourable Lahore High Court, Lahore.

Trading in the shares of the Company will start on the Ready Board of the Exchange from Wednesday, May 27, 2015 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 29, 2015.

The Market lot of the Company will be 500 shares of Rs. 10/- each. 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 “GGGL”.

The opening price of shares of the Company will be Rs. 10/- per share and circuit breaker of Rs. 5/- or 50% whichever is higher, will be applicable on the opening price during the first day of trading and the normal circuit breakers will be applicable thereafter.

The Share Registrar of the Company is Vision Consulting Limited, whose addresses are as under:

Karachi Office: 301-302, M Yousaf Chambers, Plot No. A/30, K.C.H.S.U., Block 7/8, Near Maqbool Masjid, Karachi. PH No. 021-34330595, 0322-4838271.

Lahore Office: 3-C, LDA Flats, Lawrence Road, Lahore. PH No. 042-36375531, 36375339, FAX No. 042-36312550

The Company will be quoted under “Glass and Ceramics” Sector of the Ready Board Quotation of the Exchange.

Managing Director and Chief Executive Officer of Lahore Stock Exchange Mr. Aftab Ahmed Chaudhry congratulated the stakeholders and management of the new listed Company M/s. Ghani Global Glass Ltd., and informed the investors that after the listing of this company at the Lahore Stock Exchange a new product in “Glass and Ceramics” 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)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan
Tel: +92-42-36368000
Fax: +92-42-36368484-85