LSE Capital declares offer to acquire stake in PGI

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

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.

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