The Organic Meat Company to be listed on PSX from Aug 3

MG News | July 30, 2020 at 02:36 PM GMT+05:00

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July 30, 2020 (MLN): Pakistan Stock Exchange has notified the listing of The Organic Meat Company (TOMC) with effect from Monday, August 3, 2020.

According to a notice issued by the PSX in this regard, the trading in the shares of the company will commence on the Exchange’s Main Board from the same date and shall be settled on T+2 basis. The first settlement date will be Wednesday, August 5, 2020.

Moreover, the Market Lot of the company will be 500 shares of Rs. 10 each.

The shares of the company have already been declared an eligible security by the Central Depositary Company of Pakistan, and all the transactions shall be settled through the National Clearing Company of Pakistan. NCCPL has assigned ‘TOMCL’ to the company as its company code/security symbol.

The opening price of the shares of the company will be Rs. 20 per share, as determined through the Book Building process when the company was going public. Normal Circuit Breakers will be applicable on the Opening Price of the shares.

PSX further informed that the company will be quoted in the “Food & Personal Care Products” sector in the Daily Quotation of the Exchange.

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