Resignation of Chief Executive Officer / Director and CFO and Company Secretary of Altern Energy Limited

Karachi, Altern Energy Limited informed Pakistan Stock Exchange that due to his resignation Mr. Fazal Hussian Asim, CEO and Director, has ceased to be the CEO and Director of the Company with effect from July 19, 2019. Further that due to his resignation Mr. Umer Shahzad, CFO and Company Secretary, has ceased to be the CFO and Company Secretary with effect from July 19, 2019.

Altern Energy Limited is a company incorporated in Pakistan on January 17, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The commercial operations of the company commenced with effect from June 6, 2001. The principal objective of the company is to generate and supply electric power to water and Power Development Authority of Pakistan from its thermal power plant having a gross capacity of 32 Mega Watt. The stocks of the company are quoted on the Karachi stock Exchange of Pakistan. The registered office of the company is located in Lahore.

The symbol “ALTN” is being used by the stock exchanges for the shares of Altern Energy Limited.