Managing Director Lahore Stock Exchange congratulate stakeholders of Term Finance Certificates of Askari Bank Limited on reaching successful maturity of TFCs

Lahore, December 13, 2013 (PPI-OT): Term Finance Certificates (TFCs-2nd Issue) of Askari Bank Limited of total issue size of Rs. 1500 million was subscribed on October 29, 2005 and was listed at LSE on December 26, 2005. The tenure of TFCs was of 8 years.

These TFCs have been fully redeemed as reported by the Company, which has now been duly certified by their Auditors, vide certificate dated November 27, 2013. In view of the above, the Exchange has decided to delist TFCs-2nd Issue of Askari Bank Limited w.e.f. December 13, 2013. After delisting of TFCs Askari Bank Limited 2nd issue from the Lahore Stock Exchange number of listed TFCs will remain nine (9).

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 TFCs. 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 Managing Director Lahore Stock Exchange congratulate stakeholders of Term Finance Certificates of Askari Bank Limited on reaching successful maturity of TFCs appeared first on AsiaNet-Pakistan.

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