According to a decision of Lahore Stock Exchange (LSE), Messrs Reckitt Benckiser Pakistan Ltd, will stand de-listed from February 28, following buy-back of shares by the sponsors of the company at Rs 108 per share and submission of a bank guarantee on behalf of Lahore and Karachi stock exchanges. The sponsors of the company have also given an undertaking to buy-back the remaining shares from the minority shareholders @ Rs 108 per share.

Therefore, the LSE has decided and announced to de-list the company with effect from February 28. The shareholders of the company, who desire to avail this opportunity, have been advised to approach the purchase agent of the sponsors, Global Securities Pakistan Ltd, Room 720, 7th Floor KSE Building.

They may also directly contact the sponsors at Reckitt Benckiser Pakistan Ltd, 11th Floor, State Life Building-11, Abdullah Haroon Road, Karachi.

Copyright Business Recorder, 2005