Material Information of Primus Investment Management Limited
Karachi, Primus Investment Management Limited informed Pakistan Stock Exchange that Pak Brunei Investment Limited which is parent of the Company has entered into an agreement with Army Welfare Trust for sale of 70% shareholding in Company to Army Welfare Trust subject to regulatory approvals. Primus Investment Management Limited-PIML is a Non-Banking Finance Company, licensed by the Securities and Exchange Commission of Pakistan to manage open and closed end funds, with a paid-up capital of PKR 250 million. Pak Brunei Investment Company Limited (Holding Company), holds 24,999,997 Ordinary shares of Rs.10 each. The remaining shares are held by the directors of the Company. The company aims to bring a broad spectrum of products including equity, fixed income and alternative investment strategies to investors. Primus Investment Management Limited-PIML is a wholly owned subsidiary of Pak Brunei Investment Company Limited. Pak Brunei Investment Company Limited is an Investment Finance Company established as a joint venture between Government of Pakistan and Brunei Investment Agency (BIA). The Company commenced operations in August 2007 after its notification as a Development Finance Institution.