Last checked at 29 Jul 2016 08:10
LCK/CS/2016-17/0023 29th July 2016
The General Manager Pakistan Stock Exchange Limited Karachi | The Deputy Chief Securities & Exchange Commission of Pakistan Islamabad | The London Stock Exchange 10 Paternoster Square, London |
Dear Sir(s)
MATERIAL INFORMATION
In accordance with Section 15D of the Securities and Exchange Ordinance, 1969 and Clause (xx) of the Code of Corporate Governance 2012; we hereby would like to convey the following information:
"Keeping in view the growing demand of cement in Pakistan on the back of public and private sector construction projects, as well as mega infrastructure development projects under the China Pakistan Economic Corridor (CPEC); the Company has decided to increase its cement production capacity of Karachi Plant by 1.25 million tons per annum; whereby the total production capacity of the Company shall increase from the existing 7.75 million tons per annum to 11.30 million tons per annum including its proposed plant capacity addition of 2.30 million tons per annum in Punjab province.
Total project cost of the proposed increase in production capacity at Karachi Plant of 1.25 million tons per annum would be around USD 30 million."
A disclosure form as required under S.R.O. 143(1)/2012 read with Section 15D of the Securities and Exchange Ordinance, 1969 is enclosed herewith.
You may please inform members of the Exchange accordingly.
Yours truly,
For: LUCKY CEMENT LIMITED
IRFAN CHAWALA
Company Secretary
DISCLOSURE FORM
IN TERMS OF SECTION 15D OF THE SECURITIES AND EXCHANGE ORDINANCE, 1969
Name of Company: | LUCKY CEMENT LIMITED |
Date of Report |
29th July 2016 |
Name of Company as specified In the Memorandum |
Lucky Cement Limited |
Company Registered Office |
Pezu, District Lakki Marwat, Khyber Pakhtunkhwa |
Contact information |
Tel: 111 786 555 Ext. 2261 |
Disclosure of inside information by listed company in terms of section 15D(1)
Keeping in view the growing demand of cement in Pakistan on the back of public and private sector construction projects; as well as mega infrastructure development projects under the China Pakistan Economic Corridor (CPEC); the Company has decided to increase its cement production capacity of Karachi Plant by 1.25 million tons per annum; whereby the total production capacity of the Company shall increase from the existing 7.75 million tons per annum to 11.30 million tons per annum including its proposed plant capacity addition of 2.30 million tons per annum in Punjab province.
Total project cost of the proposed increase in production capacity at Karachi Plant of 1.25 million tons per annum would be around USD 30 million."
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Ordinance, 1969(XVII of 1969), the Company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.
For and on behalf of
LUCKY CEMENT LIMITED
IRFAN CHAWALA
Company Secretary
29th July 2016