Gillette Pakistan seeks voluntary delisting from PSX

November 13, 2025 (MLN): Gillette Pakistan Limited (PSX: GLPL) has applied for voluntary delisting from the Pakistan Stock Exchange (PSX), the company's filing on PSX revealed today. 

This marked a significant step in parent company Procter & Gamble’s (P&G) broader global restructuring drive aimed at “accelerating growth and value creation.”

The delisting follows Gillette Pakistan’s earlier announcement on October 2, 2025, to wind down its operations in the country as part of P&G’s decision to discontinue local business activities.

According to Company Secretary Moosa Haroon, the move reflects the parent’s strategic decision to streamline operations and shift to a more flexible model.

Under the restructuring plan, Gillette Pakistan will cease both manufacturing and commercial operations locally.

Instead, P&G will adopt a third-party distributor model to continue supplying its products to Pakistani consumers from its regional hubs.

“The continuation of Gillette Pakistan’s listing on the PSX is no longer aligned with the parent company’s global business strategy,” the company said in its application.

Buyback Offer for Minority Shareholders

As part of the delisting process, Gillette’s majority shareholder, SABV, a wholly owned subsidiary of Procter & Gamble that holds 91.72% of the company’s shares, has initiated a buyback offer for minority shareholders.

SABV plans to acquire 2,638,059 ordinary shares, representing about 8.28% of Gillette Pakistan’s paid-up capital, at a minimum purchase price of PKR 216.49 per share, determined in line with PSX Regulation 5.14.1.

Arif Habib Limited has been appointed as the purchase agent to manage the transaction.

Gillette Pakistan has an authorized share capital of Rs400 million, divided into 40 million ordinary shares of Rs10 each, with a paid-up capital of Rs318.72 million.

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