GLPL's sponsors accept PSX-set Rs700 buyback price

MG News | February 06, 2026 at 03:13 PM GMT+05:00

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February 6, 2026 (MLN): Gillette Pakistan Limited (PSX: GLPL) has moved a step closer to its voluntary de-listing from the Pakistan Stock Exchange after the majority shareholder/sponsor accepted the purchase of ordinary shares at a PSX-determined buy-back price of Rs700 per share.

According to a communication addressed to the PSX, the acceptance was conveyed under the relevant PSX regulations in response to the Exchange’s letter dated January 26, 2026, following a review of the voluntary de-listing application by the Voluntary Delisting Committee (VDC).

The VDC held detailed discussions with the sponsor’s representatives and, after evaluating all relevant aspects under the applicable regulations, set a minimum buy-back price of Rs700 per share, substantially higher than the sponsor’s initial offer of Rs216.49 per share.

At the time of writing, GLPL shares were trading at Rs617.02, up Rs56.09 or 10.00%.

The development marked further progress in the de-listing process, under which the sponsor will acquire shares from public shareholders at the price determined by the PSX.

The company added that it remains available to address any queries related to the matter.

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