Lahore November 6 2024: Maple Leaf Cement Factory Limited through its advisor, has submitted Acquirer’s Public Announcement of Offer through a Competitive Bid to acquire 160,762,209 ordinary shares and control of Agritech Limited at a price of PKR 39.00 per share.
This intention equals 37.86% of the issued and paid-up ordinary shares capital of Agritech Limited.
This Public Announcement of Offer is made under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
This is pertinent to mention that the attached Public Announcement of Offer constitutes a competitive bid by MLCF in relation to the public announcement of offer by Fauji Fertilizer Company Limited (FFC) on October 25, 2024. FFC’s public offer aims to acquire up to 151,052,013 ordinary shares at a price of PKR 38.84 per share. In response, this PAO-CB by MLCF is being made at both a higher price and for a larger number of shares in compliance with section 120 of the Act.
MLCF currently owns 64,450,700 constituting 15.18% of the issued and paid-up ordinary shares capital of AGLof the face value of PKR 10 10 each. Maple Leaf Capital Limited (MLCL), an associated company of MLCF currently owns 38,670,001 constituting 9.11% of the issue and paid-up ordinary shares capital of AGL ordinary shares of the face value of PKR 10 each.
As of the date of this document, the combined shareholding of MLCF and MLCL stands at 103,120,701 ordinary shares of the face value of PKR 10 each, constituting 24.28% ofthe ordinary issued and paid-up capital of AGL.
