Amtex Limited’s extraordinary general meeting for approval of disposal of spinning division along with disposal of some other non – core assets of the company as part of debt restructuring plan

Karachi, July 09, 2012 (PPI-OT): We would like to inform that meeting of shareholders of Amtex Limited (AMTEX) (“The Company”) was held on Monday July 09, 2012 at 11:30 a.m. at mills premises 1 K.M. Khurrianwala Jaranwala Road Faisalabad.

We are pleased to inform hereby that shareholders after detailed discussion approved resolutions as per notice dated June 15, 2012 for disposal of Company’s complete Spinning Division that includes its Land, Building, Plant and Machinery, equipments and all other assets installed herein and other noncore assets that includes Land and Building at various sites, as part of debt restructuring plan under negotiation between the company and its lender banks.

This is submitted for information of the members.

For more information, Contact:
Amtex Limited
1-Km, Khurranawala, Jaranwala Road,
Faisalabad, Pakistan,
Tel: 92-41-4361724 (6 Lines)
Fax: 92-41-4361726 and27
E-mail: www.amtex@emtextile.com
URL: http://www.amtextile.com