Lahore Stock Exchange has approved the application for formal listing and quotation of the Rated, Listed, Secured, Redeemable & Convertible Participation Term Certificates (PTCs) of Treet Corporation Ltd on completion of all formalities required under Listing Regulations of Exchange.
Trading in the PTCs of the company will start on the Ready Board of the Exchange of the Lahore Stock Exchange from October 11, 2012 and all transactions taking place in respect of PTCs of the company shall be settled on T+2 settlement basis from the above date.
The first settlement date will be October 15, 2012. The market lot will be 500 PTCs of Rs 30 each. The PTCs 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 National Clearing Company of Pakistan (NCCPL), which has already assigned Company Code/Security Symbol as "TCLTC". The opening price of PTCs of the company will be Rs 31.83 per PTC. Normal circuit breakers will be applicable on the opening price of PTCs in the Ready Market.-PR