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LSE to enlist first real estate company

LAHORE – The Lahore Stock Exchange Ltd has approved the application for formal listing and quotation of Units of Dolmen City REIT, the first real estate company after incentives in Budget, on completion of all formalities required under the Listing Regulations of the Exchange.

It is therefore, notified that Trading in the Units of Dolmen City REIT (REIT) will start on the Ready Board of the Exchange from Friday, June 26, 2015 and all transactions taking place shall be settled on T+2 settlement basis from the above date.
The first settlement date will be June 30, 2015.
The Market lot of the REIT will be 500 Units of Rs.
10/- each.
After the listing of this company at the Ready Board Quotation, the number of companies listed at LSE would reach to 433.

The Units of the REIT have already been declared eligible security by the Central Depository Company of Pakistan Ltd.
(CDC) and all the transactions shall be settled through the NCCPL, which has already assigned Company Code/Security Symbol as “DCR”.

The opening price of Units of the REIT will be Rs.
11/- per unit as determined through book building process.
Normal circuit breakers will be applicable on the opening price of Units in the Ready Market.

Managing Director and Chief Executive Officer of Lahore Stock Exchange Mr.
Aftab Ahmed Chaudhry congratulated the stakeholders and management of the new listed Company M/s.
Dolmen City REIT , and informed the investors that after the listing of this company at the Lahore Stock Exchange a new product in “Miscellenous ” sector will available for investment.
MD also highlighted the steps taken by the LSE contributing to build a mechanism that has produced more transparency in the trading of the shares as well as to secure the investment of the investors.
Lahore Stock Exchange is a fully electronic and completely automated stock exchange of Pakistan that is the only domestic exchange to have more than one trading floors in the region.

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