Lahore Stock Exchange to delist Sukuk-1 issue of K-Electric Limited with effect from May 18, 2015

Lahore, May 15, 2015 (PPI-OT): Sukuk-1 issue of K-Electric Ltd of Total issue size of Rs. 750 million was subscribed on February 24, 2014 and was listed at LSE on March 26, 2014. The tenure of TFCs was of 13 months. Sukuk-1 have been fully redeemed as reported by the Company, which has now been duly certified by their Auditors, vide certificate dated May 12, 2015. The Company has also complied with relevant regulatory requirements. In view of the above, the Exchange has decided to delist Sukuk-1 issue of K-Electric Ltd w.e.f. May 18, 2015 from this Exchange.

Managing Director and Chief Executive Officer of Lahore Stock Exchange Mr. Aftab Ahmed Chaudhry congratulated the stakeholders of the Sukuk-1 issue of K-Electric Ltd on reaching the successful maturity of the Sukuk. 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)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan
Tel: +92-42-36368000
Fax: +92-42-36368484-85