Clariant Pakistan Limited’s intention to acquire upto 87.495% shares and control of Clariant Pakistan Limited by Archroma Textiles S.A.R.L
Karachi, August 16, 2013 (PPI-OT): In compliance with Regulation 5(1)(a) of the Listed Company (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2008 and Clause (xx) of the KSE Listing Regulations No. 35 under Code of Corporate Governance, we are enclosing herewith the Notice received from Archroma Textiles, S.A.R.I., a company incorporated under the laws of Luxembourg, having its registered office located at 19 rue de Bitbourg (“Archroma”) of their intention to acquire control voting shares of our Company.
This is for your information in accordance with the aforementioned law.
(a) Name of the target company, its directors and major shareholders
Clariant Pakistan Limited
1-A/1, Sector 20
Korangi Industrial Area
Mujtaba Rahim (Chairman and Chief Executive)
Alfred Christian Muench (Alternate: Atba Farooqui)
Dr S Mubarik Ali
Khawaja Mustafa Zulqarnain Majid
M Veqar Arif
Clariant AG holds 25,588,408 shares in the Target Company constituting 74.99% of the capital of the Target Company.
(b) Total number of issued shares of the Company:
The total number of ordinary shares issued by the Target Company as of December 31, 2012 is 34,117,881
3. Number of shares already held by the Acquirer, if any
4. Number of shares along with the percentage intended to be acquired by the Acquirer through public offer or agreement
The Acquirer intends to acquire 25,588,408 ordinary shares constituting 74.99 % of the shares of the Target Company currently being held by Clariant International AG. headquartered in Switzerland. If the Acquirer proceeds with the acquisition, it will
Intention to Acquire Upto 87.495% Shares and Control of Clariant Pakistan Limited by Archroma Textiles S.A.R.L
Under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002
1. Information about the Acquirer
(a) Name and address of the Acquirer along with person (s) acting in concert, if any
Archroma Textiles S.A.R.A.
19, Rue de Bitbourg
There are no person acting in concert with the Acquirer
(b) Name and address of the financial advisor of the Acquirer
(e) Name of the chief executive of the Acquirer;
Barry Siadat (A Manager)
(d) Name of the directors of the Acquirer
(i) Barry Siadat
(ii) Antonella Graziano
(d) Name of major shareholder/s of the Acquirer
5K Spice, S.a.r.l.
2. Information about the target company
Subsequently make a tender offer as stipulated in the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002 read with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2008 for upto 12.505% of the Target’s shareholding.
For more information, contact:
Clariant Pakistan Limited
1-A/1, Sector 20, Korangi Industrial Area,