Karachi December 21 2021: A meeting of Board of Directors BoD of ADOS Pakistan Limited, the Company, was held today at ADOS Pakistan’s Head Office, to consider delisting of the shares under Voluntary Delisting rules of the Pakistan Stock Exchange (PSX) Rule Book (the Rule Book).
Ados hit upper limit at the exchange after the announcement.
A L S O || R E A D
Wyeth Decided To Buy Back At least 25 Percent Shares From Market For Delisting: PSX
The BoD of the Company has resolved to deIist the Company from PSX under Voluntary Delisting rules of the Rule Book for which the Company shall submit a formal application to the PSX. and for which the sponsors have been authorized to buy-back ordinary shares held by the minority shareholders of the Company to an extent and at a price to be determined in accordance with the regulations or as may be determined by the PSX or the Securities & Exchange Commission of Pakistan for the purposes of voluntary Delisting of the Company from the PSX.
