CDC restores CDS eligibility of Universal Insurance

KARACHI: Central Depository Company of Pakistan has informed Karachi Stock Exchange that CDC has intention to suspend CDS eligibility of ordinary shares of The Universal Insurance Company Limited if the fee and charges will not paid up by The Universal Insurance Company Limited within ten business days from the date of this notice.

CDC also notified that if The Universal Insurance Company Limited has settled its outstanding dues, the notice regarding suspension of CDS eligibility on November 11, 2013, now shall stand removed and CDS eligibility will be restored with immediate effect.

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