Karachi: First Constellation Modaraba
The Chief Executive Officer, First Constellation Modaraba
Pursuant to the notice no. KSE/N-358 dated January 30, 2012 of The Karachi Stock Exchange (Guarantee) Limited (KSE) suspending trading in the Modaraba Certificates of First Constellation Modaraba (“the Modaraba”) with effect from January 31, 2012 owing to voluntary winding-up of the Modaraba the Central Depository Company of Pakistan Limited has also decided pursuant to Regulation 5.3.1 of the CDC Regulation to suspend the CDS Eligibility of the Modaraba with effect from Start of Day on Tuesday January 31, 2012.
Further in view of Regulation 5.4.1 of the CDC Regulations, only following transactions shall be allowed during the suspension period.
(a) transfer of Securities pertaining to settlement of pending market-based Securities transaction through the Clearing Company in accordance with Procedures;
(b) Valid Pledge Call Transactions;
(c) Valid Pledge Release Transactions;
(d) Valid Deposit Request Cancellation Transactions;
(e) Valid Deposit Rejection Transactions;
(f) Valid Withdrawal Request Cancellation Transactions;
(g) Valid Withdrawal Rejection Transactions;
(h) Valid Rights Subscription Request Transactions;
(i) Valid Cancellation Request Cancellation Transactions; and
(j) crediting of Book entry Securities made pursuant to Chapters BAA, BC, BD, sub-clause (e) to
(h) of clause (1) of Regulation BF.1 and Regulation 12, 4,6,
(k) any other transaction, provided that, approval from the relevant regulatory authorities with respect to such transaction, as may be required pursuant to any law, rules or regulations for the time being in force, is in place.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136