Lahore Stock Exchange to list Sukuk-1, Sukuk-2 and Sukuk-3 of K-Electric Limited

Lahore, March 25, 2014 (PPI-OT): On completion of formalities required under the Listing Regulations, Lahore Stock Exchange Ltd. is pleased to notify the listing and quotation of Sukuk-1, Sukuk-2 and Sukuk-3 issued by K-Electric Limited. These Sukuks are rated, listed and secured based on Shirakat ul Milk structure as defined in the offering document.

It is therefore, notified that; Trading in the Sukuk-1, Sukuk-2 and Sukuk-3 of the Company will start on this Exchange from Wednesday, March 26, 2014. Transactions will take place in the said Sukuks of the Company through Bonds Automated Trading System (BATS) and shall be settled on T+1 settlement basis.

The Sukuks 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 Security Symbols as “KELSC1 for Sukuk-1, KELSC2 for Sukuk-2 and KELSC3 for Sukuk-3 of the Company”.

The Transfer Agent/ Registrar of the Sukuks of the Company is THK Associates (Pvt) Ltd., 2nd Floor, State Life Building No. 3, Dr. Ziauddin Ahmed Road, Karachi-Ph: 021-111-000-322, Fax: 021-35655595.

Managing Director and Chief Executive Officer of Lahore Stock Exchange Mr. Aftab Ahmed Chaudhry congratulated the stakeholders and management of the new listed SUKUK-1, SUKUK-2 and SUKUK-3 of M/s. K- K-Electric Ltd, and informed the investors that after the listing of these SUKUKs at the Lahore Stock Exchange, a new product in Bonds Automated Trading System (BATS) of LSE 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

The post Lahore Stock Exchange to list Sukuk-1, Sukuk-2 and Sukuk-3 of K-Electric Limited appeared first on AsiaNet-Pakistan.

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