Big Bird converts Rs1.5bn directors’ loan into equity

MG News | March 13, 2026 at 01:04 PM GMT+05:00

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March 13, 2026 (MLN): Big Bird Foods Limited (PSX: BBFL), a Lahore-based food company, has received approval from the Securities and Exchange Commission of Pakistan (SECP) to convert Rs1.5 billion of directors’ loans into equity, the company revealed on Friday.

The conversion will be effected through the issuance of 30.35 million ordinary shares at Rs49.42 per share, including a Rs39.42 per share premium.

The allotment will be made to the company’s directors via an “other than right” offer, following shareholder approval granted at the company’s annual general meeting held on October 28, 2025.

The company has requested the Pakistan Stock Exchange to inform TRE certificate holders of the share conversion.

Big Bird Foods, which operates in Pakistan’s packaged food sector, has been expanding its equity base and restructuring its capital, reflecting a broader trend among mid-sized food enterprises seeking to strengthen balance sheets and attract long-term investment.

Key Details:

Item	Details
Amount of Loan Converted	Rs1,500,000,000
Number of Shares	30,352,084 ordinary shares
Price per Share	Rs49.42 (Rs39.42 premium)
Allotment Type	Other than right offer
SECP Approval	Granted

The move indicates the company’s strategy to reduce debt on its balance sheet while aligning the interests of its directors with equity holders.

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