Gillette Pakistan to delist from PSX effective May 19
MG News | May 18, 2026 at 05:01 PM GMT+05:00
May 18, 2026 (MLN): Gillette Pakistan Limited is to be formally delisted from the Pakistan Stock Exchange effective Tuesday, May
19, 2026, following PSX's acceptance of the company's voluntary delisting
request under PSX Regulation No. 5.14 and Section 19(5) of the Securities Act
2015.
Minority shareholders seeking to exit their positions are
being offered a buyback of shares by the company's sponsors at Rs700 per share.
The offer remains valid until May 10, 2027, giving shareholders ample time to
avail the opportunity.
The timeline for the transaction is as follows:
|
Milestone |
Date |
|
Initial Buyback Period |
March 12, 2026 – May 10, 2026 |
|
Completion of Voluntary Delisting Requirements |
May 14, 2026 |
|
Delisting from PSX |
May 19, 2026 |
|
Buyback Offer Valid Till |
May 10, 2027 |
The Purchase Agent and Sponsor have already submitted an
undertaking to acquire remaining shares held by minority shareholders at the
stipulated price.
The aforementioned information was disseminated through a
notification to Exchange.
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