Gillette Pakistan share buyout set at Rs700 ahead of delisting

March 10, 2026 (MLN): Series Acquisition B.V. (SABV), the majority shareholder of Gillette Pakistan Limited (PSX: GLPL), is set to purchase all shares of the company held by other shareholders, excluding those held by the sponsor or majority shareholder.

The move follows a special resolution passed by the company’s shareholders for delisting from the Pakistan Stock Exchange during the Extraordinary General Meeting held on March 4, 2026.

SABV is offering to buy the shares at Rs700 per share, a price approved by the Pakistan Stock Exchange Limited in accordance with its regulations.

The share purchase offer will remain open from March 12, 2026, to May 10, 2026, both days inclusive, according to the company's statement issued today.

Following this period, the company is expected to be delisted from the Pakistan Stock Exchange Limited.

The offer applies to all shareholders, including those holding physical share certificates and shareholders whose shares are held as book-entry securities in the Central Depository Company of Pakistan Limited (CDC).

Shareholders need to submit required documents to the authorized Purchase Agent, Arif Habib Limited, either via registered mail, courier, or in person at the Arif Habib Limited Centre Karachi.

Payments to shareholders will be made within three weeks of the issuance of receipts for physical shares.

For shares held through the CDC, the Purchase Agent will acquire shares through the Pakistan Stock Exchange trading system, with payments processed according to the Clearing Schedule notified by the Pakistan Stock Exchange.

This development provides an opportunity for minority shareholders of Gillette Pakistan Limited to exit at a premium price ahead of the company’s planned delisting.

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