LSE Capital declares offer to acquire stake in PGI

MG News | July 07, 2025 at 11:00 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 07, 2025 (MLN): LSE Capital Limited (PSX: LSECL) has declared a public offer to acquire 7.64% shares (i.e., 3,822,101 ordinary shares) of The Pakistan General Insurance Company Limited (the Target Company), subject to a minimum acceptance level of 5.35% shares (i.e., 2,675,471 ordinary shares).

The offer is being made by Mr. Muhammad Shahzad Habib and his associates/family under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The aforementioned information was disseminated through a notification to Exchange.

The Public Announcement of Offer was published in Daily Asas (Urdu) and Daily Times (English) on May 22, 2025.

In this regard, the Offer Letters, along with the Acceptance Form, have been dispatched to the shareholders of the Target Company.

The acceptance period as per the Public Announcement of Offer is scheduled from July 09, 2025 to July 15, 2025, during business hours from 9:00 AM to 5:00 PM.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,703.60 186.64M	0.16% 276.16
ALLSHR	102,604.53 769.92M	0.15% 153.59
KSE30	50,591.33 89.05M	0.26% 133.49
KMI30	242,499.84 88.34M	0.17% 407.02
KMIALLSHR	66,609.21 384.86M	0.10% 66.64
BKTi	46,200.65 17.30M	0.50% 229.92
OGTi	34,887.62 6.26M	0.09% 32.55

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,660.00	63,660.00 63,530.00	-15.00 -0.02%
BRENT CRUDE	89.13	95.50 88.44	-3.97 -4.26%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	132.75	134.25 132.75	-1.45 -1.08%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	85.44	86.64 85.40	-2.27 -2.59%
SUGAR #11 WORLD	13.81	14.02 13.77	-0.11 -0.79%