Lotte Pakistan PTA Limited’s code of corporate governance – disclosure of interest

Karachi, January 11, 2013 (PPI-OT): Pursuant to Clause XXIII of the Code of Corporate Governance 2012, dated 10 April 2012 issued by the Securities and Exchange Commission of Pakistan and adopted by the Karachi stock Exchange (G) Limited vide its Notice dated 11 April 2012 as part of the Listing Regulations, the Company hereby announces the period from 11 January 2013 to 25 January 2013 (both days inclusive) as “closed period” during which Directors, Chief Executive Officer, Chief Financial Officer and Company Secretary and other Executives of the Company including their spouse and minor children are prohibited, whether directly or indirectly, from dealing in the shares of the Company.

The aforesaid clause further requires the above individuals to keep the Company Secretary informed of any sale/purchase in the shares of the Company Lotte Pakistan PTA Limited (LOTPTA) at any time during the year.

An extract from the aforesaid Code of Corporate Governance is attached for your perusal.

Code of Corporate Governance

Disclosure of Interest

“Where any director, CEO or executive of a listed company or their spouse sell, buy or transact, whether directly or indirectly, in shares of the listed company of which he is a director, CEO or executive, as the case may be, he shall immediately notify in writing the Company Secretary of such transaction Such director, CEO or executive, as the case may be, shall also deliver a written record of the price, number of shares, form of share certificates, i.e., whether physical or electronic within the Central Depository System, and nature of transaction to the Company Secretary within four days of effecting the transaction. The notice of the director, CEO or executive, as the case may be, shall be presented by the Company Secretary at the meeting of the Board of Directors immediately subsequent to such transaction. In the event of default by a director, CEO or executive to give a written notice or deliver a written record, the Company Secretary shall place the mailer before the Board of Directors in its immediate next meeting:

Provided that each listed company shall determine a closed period prior to the announcement of interim/final results and any business decision, which may materially affect the market price of its shares, No director, CEO or executive shall, directly or indirectly, deal in the shares of the listed company in any manner during the closed period.

Explanation: For the purpose of this sub-clause and clause xxiii the expression “executive” means the CEO, COO, CFO, Head of Internal Audit & Company Secretary by whatever name called, and other employees of the company for whom the board of directors will set the threshold to be reviewed on an annual basis and disclosed hi the annual report.

For more information, contact:
Lotte Pakistan PTA Limited
EZ/1 -P-4, Eastern Industrial Zone,
Port Qasim, P.O. Box 723,
Karachi – 74200, Pakistan
UAN: +92 021 111 782 111
Direct Line: +92 021 3472 6000
Facsimile: +92 021 3472 6001

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