Fauji Fertilizer Company Limited (PSX: FFC) has announced the launch of a Public Offer to acquire 151.05 million ordinary shares of Agritech Limited.
In a formal disclosure to the Pakistan Stock Exchange (PSX), FFC stated that the offer aligns with the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
The notice, issued by Integrated Equities Limited, the Manager to Offer, refers to a previously published Public Announcement of Intention to acquire shares and control of Agritech Limited. This announcement initially appeared in two newspapers on September 12, 2024.
Following regulatory requirements, FFC has submitted the Public Announcement of Offer under Regulation 7(2). Furthermore, supplementary documents and information required under Regulation 7(5) will be provided to the Commission separately.
To ensure compliance and transparency, a copy of the Public Offer announcement will be published in Nawa-e-Waqt and The Nation on October 25, 2024.
