LSE decides to delist TFCs of Askari Bank

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LAHORE - Term Finance Certificates (TFCs-1st Issue) of Askari Bank Ltd of total issue size of Rs 1500 million was subscribed on Feb 03, 2005 and was listed at LSE on April 11, 2005. The tenure of erm Finance Certificates was of 5 years.

These TFCs have been fully redeemed as reported by the Company, which has now been duly certified by their Auditors, vide certificate dated July 03, 2013. In view of the above, the Exchange has decided to delist TFCs-1st Issue of Askari Bank Ltd. w.e.f. July 15, 2013.

Managing Director and Chief Executive Officer of Lahore Stock Exchange Mr. Aftab Ahmed Chaudhry congratulated the stakeholders of the Term Finance Certificates of Askari Bank Limited on reaching the successful maturity of the erm Finance Certificates. MD also highlighted the steps taken by the Lahore Stock Exchange 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.

Courtesy: Nation

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