The Karachi Stock Exchange (Guarantee) Limited’s to members of the exchange / listed companies and issuers of listed securities

Karachi, July 12, 2012 (PPI-OT): It is hereby notified that in exercise of the powers conferred under Sub-Section (1) of Section 34 of the Securities and Exchange Ordinance, 1969, The Karachi Stock Exchange (Guarantee) Limited (KSE), with the prior approval of Securities and Exchange Commission of Pakistan have made the following amendments in its Listing Regulations. These amendments are being sent for publication in the Official Gazette of Pakistan:

Under Chapter V, titled ‘Dividends and Entitlements’, after Sub-Clause (5) of Clause 16, a new Sub-Clause (6) shall be inserted to read as under:

“16 (6) Where any director, CEO or executive of a listed company or their spouses sell, buy or take any beneficial position, whether directly or indirectly, in shares of the listed company of which he / she is s director, CEO or Executive, as the case may be, he / she shall immediately notify in writing to the Company Secretary. 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 Company Secretary shall immediately forward the same to the Exchange for its dissemination to all concerned.”

For more information, Contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136