The Karachi Stock Exchange Limited’s application of voluntary delisting of Unilever Pakistan Limited
Karachi, March 26, 2013 (PPI-OT): The application of buy-back of shares by the Majority Shareholders/ Sponsors of Unilever Pakistan Limited and Voluntary Delisting of the Company was considered by the Committee constituted by the Board of Directors of the Exchange today.
The Committee had detailed discussions with the representatives of the Sponsors and after deliberating the relevant aspects under the relevant Listing Regulations, recommended to fix the minimum purchase price at Rs. 15,000/- per share as against the offer of the Sponsors of Rs. 9,700/- per share.
Under Listing Regulation No. 30-D(v) the Sponsors of Unilever Pakistan Limited will be required to convey their acceptance/ refusal to the purchase price approved by the Exchange within 7 days of the date of this Notice.
For more information, contact:
Deputy General Manager-Companies Affairs
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136