Systems Limited sets stage for Confiz takeover

December 11, 2025 (MLN): The Board of Directors of Systems Limited (PSX: SYS) has approved the acquisition of Confiz Pakistan (Private) Limited, along with all its direct and indirect shareholdings in the Confiz Group of Companies, through an amalgamation/merger.

According to the Company, a draft Scheme of Arrangement has been prepared under the Companies Act, 2017, to execute the transaction. The merger will involve issuing SYS shares to the shareholders of Confiz once all requirements are fulfilled.

The plan requires multiple approvals, including those from shareholders, creditors, regulators, and ultimately the Lahore High Court.

Under the proposed structure, the company will issue its shares to the shareholders of Confiz once all legal and regulatory requirements are met.

The Board of Directors has approved the draft scheme and related transaction documents.

The CEO, CFO and Company Secretary have been authorized to negotiate and finalize all documents and complete the steps needed to implement the arrangement.

The final Scheme will be shared with the PSX and the company’s shareholders after receiving directions from the Lahore High Court and as required under applicable laws.

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