Wazir Ali Industries Limited - Buy Back of Shares and subsequent Delisting

Wazir Ali Industries Limited’s material information

Karachi: In accordance with Listing Regulation No30-A of the Listing Regulations of the Karachi Stock Exchange (Guarantee) Limited, we are pleased to convey the following information:

 

The Board of’ Directors in its meeting held on October 28, 2011 have unanimously resolved as under:


“Resolved that the Company be voluntarily delisted from the stock exchange.”

“Further resolved that on obtaining consent of sponsors/majority shareho1ders for buy back of company’s shares by them, the Chief Executive and/or Company Secretary of the Company be and is/are hereby authorized to apply for the voluntarily delisting of the Company/shares from the stock exchanges and take all necessary steps in this respect.”

“Further resolved that purchase price per share will be Rs. 8.55 per share”.

For more information, contact:
Abdus Samad
Chief Executive
Wazir Ali Industries Limited
F-33, Hub River Road,
S.I.T.E. Karachi, Pakistan,
Phone: 021-32579683-7
Fax: 021-32563734
E-mail: factory@tullo.com.pk

Source: Business Insights