FFC completes share issuance to Fauji Foundation
MG News | January 28, 2026 at 04:06 PM GMT+05:00
January 28, 2026 (MLN): Fauji Fertilizer Company Limited (PSX: FFC) has completed the proposed transaction involving the issuance of 15,914,566 ordinary shares to Fauji Foundation by way of other than right offer.
The issuance was made in consideration for the purchase
of 214,687,500 ordinary shares of FFBL Power Company Limited held by Fauji
Foundation.
The development follows earlier communications to the
Pakistan Stock Exchange dated November 10, 2025, November 14, 2025, and
December 08, 2025, in relation to the proposed issuance of share subject to
shareholder approval and approval of the Securities Exchange Commission of
Pakistan.
Shareholder approval for the proposed transaction was
accorded at the Extraordinary General Meeting held on December 08, 2025, according
to the company's
statement issued today.
Subsequently, the Securities Exchange Commission of
Pakistan also accorded its approval vide letter
Following the issuance of the shares, Fauji Foundation
now holds 637,778,197 ordinary shares of Fauji Fertilizer Company Limited,
representing approximately 44.32% of the issued and paid-up capital of the
Company.
The total number of ordinary shares of the Company has
increased from 1,423,108,696 shares to 1,439,023,262 shares after the issuance.
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