The Karachi Stock Exchange (KSE) has approved the application of formal listing and quotation of the preference shares of Agritech Limited. The trading in the preference shares of the Company will start on the Ready Board of the Exchange from April 6, and all transactions taking place in respect of the preference shares of the Company shall be settled on T+2 settlement basis from the said date, a KSE notice issued on Tuesday said.
The first settlement date will be April 10. The market lot will be one preference share of Rs 10 each. The preference shares of the Company have already been declared eligible security by the Central Deposition Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL), which has assigned Company Code/Security Symbol as "AGLNCPS".
The opening price of the preference shares of the company will be Rs 10 per preference share and circuit breakers of Rs 5 or 50 percent of the opening price whichever is higher will be applicable on the first day of trading and the normal circuit breakers will be applicable thereafter. The Share Registrar of the Company is Hameed Majeed Associates (Private) Limited, Lahore.