ADOS Pakistan Ltd to be delisted from PSX

MG News | December 21, 2021 at 10:12 AM GMT+05:00

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December 21, 2021 (MLN): The Board of Directors (BoD) of ADOS Pakistan Limited, a leading manufacturer of critical oilfield equipment has resolved to delist the company from the Pakistan Stock Exchange (PSX), in accordance with clause 5.14 of the PSX regulations, company’s filing on PSX showed today.

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 (SECP) for the purposes of voluntary delisting of the company from the PSX.

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