Ansari Brothers to announce fresh PAI today to acquire SPLC’s 35% shares

MG News | March 08, 2022 at 12:25 PM GMT+05:00

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March 8, 2022 (MLN): Ansari Brothers is all set to submit the fresh Public Announcement of Intention (PAI) through the local bourse to acquire 15.835 billion ordinary shares representing 35.06% of the total ordinary shares of Saudi Pak Leasing Company Limited as the previous PAI stands expired on March 07, 2022, Adam Securities, Manager to the offer notified PSX today.

The said PAI also includes 33.32bn unencumbered & fully paid-up preference shares representing 63.08% of the total non-voting, non-cumulative, convertible, unlisted, redeemable preference shares & control of Saudi Pak Leasing Company Limited.

To recall, Ansari Brothers submitted PAI to acquire the aforementioned share of SPLC on June 09, 2021.

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