Financial results of Jauharabad Sugar Mills Limited for year ended September 30, 2016

Karachi, Jauharabad Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2016 which portrayed a profit of Rs. 105,997,346 with earnings per share 9.72 basic and diluted respectively. Further, 1 per share i.e. 10% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from January 24, 2017 to January 31, 2017 (both days inclusive). Jauharabad Sugar Mills Limited (Formerly “Kohinoor Sugar Mills Limited”) is a public limited company, and has an honor of being one of the pioneer sugar mills of Pakistan, established since independence at Jauharabad, District Khushab in the Punjab Province by the Thal Development Authority. The Company has designed crushing capacity of 8000 MT of sugar cane per day. Cane Processing (Pvt) Limited acquired the majority shares from Saigol family under sales purchase agreement dated October 14, 2013.The new management took the control of the Company after the approval of acquisition of majority voting shares and control of the company by the Securities and Exchange Commission of Pakistan. The Company’s name has also been changed to “Jauharabad Sugar Mills Limited” with effect from August 27, 2014. The new management has removed the bottlenecks of the plant and is focused to revitalize the project. The symbol “JSML” is being used by the stock exchanges for the shares Jauharabad Sugar Mills Limited.

Material Information of Invest and Finance Securities Limited

Karachi, Invest and Finance Securities Limited informed Pakistan Stock Exchange that the Company has receive a letter from Bank Al-Falah Limited accompanying with a public announcement to offer to acquire up to 2,201,342 shares approximately 11% of the total issued shares of invest and Finance Securities Limited by EFG Hermes Frontier Holding LLC the acquirer under the securities act, 2015. Invest and Finance Securities Limited is a company incorporated in Pakistan on September 27, 1999 as a Private Limited Company and converted into Public Unquoted Company on November 27, 2006. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a Trading Rights Entitlement Certificate (TREC) Holder of the Karachi Stock Exchange Limited and the Lahore Stock Exchange Limited. It is a Corporate Member of the Pakistan Mercantile Exchange Limited and is registered with Financial Markets Association of Pakistan as Interbank Broker and Mutual Funds Association of Pakistan as Service Provider/Distributor. The Company is also engaged in Financial Brokerage, Corporate Finance and Financial Research. The stocks of the company are quoted on the Karachi Stock Exchange and Lahore Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “IFSL” is being used by the stock exchanges for the shares of Invest and Finance Securities Limited.

Material Information of Taha Spinning Mills Limited

Karachi, Taha Spinning Mills Limited informed Pakistan Stock Exchange that the Company has received a letter from BIPL Securities Limited accompanying with a public announcement of offer to acquire up to 1,809,504 shares approximately 44.68% of the total issued shares and 1,029,850 shares approximately 25.42% of the total issued shares through share purchase agreement with HMI Energy Pvt Ltd a major shareholder of the Company @ Rs. 2.01/- per share and control of Company by Mr. Muhammad Farrukh and persons acting in concert with the acquirer under the securities act, 2015. Taha Spinning Mills Limited is a company incorporated in Pakistan. The company converted to a public limited company on June 16, 1991. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The principal activities of the business are manufacture and sale of yarn. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The mill of the company is located in Sheikhpura in the province of Punjab. The registered office of the company is located in Karachi. The symbol “THAS” is being used by the stock exchange for the shares of Taha Spinning Mills Limited.

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,399,159 with earnings per share 2.21 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Sui Northern Gas Pipeline Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are the purchase, transmission, distribution and supply of natural gas. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The symbol “SNGP” is being used by the stock exchanges for the shares of Sui Northern Gas Pipeline Limited.

Special Resolution passed in extraordinary general meeting of Systems Limited

Karachi, Systems Limited informed Pakistan Stock Exchange that special resolution passed in extraordinary general meeting hel on December 28, 2016 at Lahore. The agenda of the meeting was the members of the Company be and is hereby approved the increase in running credit line of PKR 60 million to PKR 120 million to the Company’s subsidiary E-Processing the Company for meeting its working capital requirement at an annual markup rate of 7%. Systems Limited is a global leader of next-generation IT services and BPO solutions. Ever since its inception in 1977, the company has evolved and taken center stage in information and technology by providing computing strategies and solutions to Government and Private Organizations. With three decades of experience and IT evolution, they have accomplished above 500 projects completed in the US, Pakistan, Middle East and Africa. They excel at delivering business solutions to a huge list of clients from diverse industries that also includes several names from the Fortune 500. Their offshore facilities established in the US, UAE, UK, and Pakistan, comprise of over 2,500 customer-focused employees providing a great customer experience. Systems Limited serves to enrich their productivity by guaranteeing that their core business functions work faster, cheaper and better. Using ability to conceptualize, they design, innovate, and implement with the latest and advanced tech proficiencies, hence enabling clients to metamorphose their legacy models and take their business to the next level. The symbol “SYS” is being used by the stock exchanges for the shares Systems Limited.

Change in beneficial position of Habib Sugar Mills Limited

Karachi, Habib Sugar Mills Limited informed Pakistan Stock Exchange that their Chairman Mr. Asghar D Habib has informed them his daughter Ms. Marzia Ali Asghar has gifted him 385,720 shares of the Company. Habib Sugar Mills Limited is a public limited Company incorporated in Pakistan, with its shares quoted on the Pakistan Stock Exchange. The Company is engaged in the manufacturing and marketing of refined sugar, molasses, ethanol, liquid carbon dioxide, household textiles and providing bulk storage facilities. The symbol “HABSM” is being used by the stock exchanges for the shares Habib Sugar Mills Limited.