The Lahore Stock Exchange (LSE) has decided to delist Atlas Investment Bank Ltd from July 26, 2006, after approval of its scheme of amalgamation with Atlas Bank Ltd.
According to a notification of LSE, the share holders of Atlas Investment Bank Ltd, in its extraordinary general meeting (EOGM) on May 18, 2006, approved the scheme of arrangement for its amalgamation with and into Atlas Bank Ltd.
Moreover, the State Bank of Pakistan has also approved the amalgamation, it added. In view of the above scheme of arrangement, the LSE has notified that Atlas Investment Bank Ltd will be delisted from the Ready Board quotations of the exchange from July 26, 2006.
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