LSE approves Ghani Glass listings

LAHORE: Lahore Stock Exchange (LSE) has approved the application for formal listing and quotation of shares of Ghani Global Glass Ltd on completion of all formalities required under the Listing Regulations of the Exchange.
Ghani Global Glass Ltd is being listed on the LSE as a result of amalgamation/merger of Libaas Textile Ltd (a listed Company of the Exchange) with and into Ghani Global Glass Ltd under a scheme of amalgamation/merger sanctioned by the Honourable Lahore High Court.
Trading in the shares of the company will start on the LSE Ready Board on Wednesday (today) and all transactions shall be settled on T+2 settlement basis from the above date.
The first settlement date will be May 29, 2015.
The market lot of the company will be 500 shares of Rs10 each.
The shares of the company have already been declared eligible security by the Central Depository Company of Pakistan Ltd (CDC) and all the transactions shall be settled through the NCCPL, which has already assigned Company Code/Security Symbol as “GGGL”.
The opening price of shares of the Company will be Rs10/- per share and circuit breaker of Rs5/- or 50 percent whichever is higher, will be applicable on the opening price during the first day of trading whereas the normal circuit breakers will be applicable thereafter.