Lahore Stock Exchange Consistent In Declaring Cash Dividend To Its Shareholders

The Board of Directors of Lahore Stock Exchange Ltd. (LSE) in its meeting held today has declared an Interim Cash Dividend for the 1st Quarter ended September 30, 2013 @ Rs. 0.25 per share i.e. 2.5%. The book closure for this entitlement shall be announced separately. In this way, an amount of Rs. 32,071,050/- shall be distributed to the shareholders of the Exchange holding 128,284,200 ordinary shares of Lahore Stock Exchange. It is pertinent to note that the total Income of the Exchange after tax for the period from July to September, 2013 was Rs. 33,622,665/-.
 
In this manner, LSE has again taken a lead to become the first Exchange of the country that consistently declared a cash dividend after demutualization. This announcement will give a positive signal to the capital market and shall also strengthen the position the Exchange to attract the strategic investor for the sale of its 40% equity as per requirement of the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012.