Sapphire to go for voluntary de-listing of SFL Ltd from PSX

MG News | December 13, 2018 at 11:20 AM GMT+05:00

0:00

December 13, 2018 (MLN): The Board of Directors of SFL Limited has decided to go for voluntary de-listing of shares from Pakistan Stock Exchange after buy-back of shares from all minority shareholders of the Company, a notification issued to PSX revealed on Thursday.

The management of the company is of the view that it is not heavily dependent on the funds from public at present nor it will be in the future, Keeping in view these factors, the BoD has decided to delist SFL Limited from Pakistan Stock Exchange under its voluntary delisting regulation.

SFL Limited is listed on Pakistan Stock Exchange and approximately 98.125% shareholding are held by Directors/Sponsors, Associated Companies and the remaining in free float.

In this respect, the company has bought back 376,658 ordinary shares being 1.875% of the total Paid Up Capital of SFL Limited at the purchase price of Rs. 150/share from the minority shareholders.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	0.00 0.00	-65.00 -0.09%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	0.00 0.00	-0.14 -0.14%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%