LSE elects unopposed member directors

LSE
LSE elects unopposed member directors

LAHORE: Ammar ul Haq, Asif Baig Mirza, Mirza Ejaz Ullah Baig and Omar Khalil Malik have been declared unopposed member directors of the Lahore Stock Exchange (LSE) for three years term.

Extraordinary General Meeting (EOGM) of LSE was held Wednesday to elect four directors of the exchange in term of Section 10(2) of the Stock Exchanges (Corporatisation, Demutualisation and Integration) Act, 2012 with Article 76, 77, 78 and 81 of the Articles of Association of the Exchange, for a period of three years to replace the ‘first directors’ nominated by the exchange as per Section 4(1)(e) of the Act.

Six candidates had submitted their nomination papers for the four seats of member directors at LSE board. Out of them before the starting of EOGM Dr Arslan Razaque and Syed Asim Zafar withdrew their nomination papers therefore, remaining four candidates Ammar ul Haq, Asif Baig Mirza, Mirza Ejaz Ullah Baig and Omar Khalil Malik have been declared unopposed member directors of the LSE for three years term. – Dailytimes