Asif Ali extends public offer deadline for Calcorp to Nov 20

MG News | August 27, 2024 at 12:29 PM GMT+05:00

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August 27, 2024 (MLN): Asif Ali Shaikh, the acquirer who made a Public Announcement of Offer (PAO) to acquire 83.96% of the total issued and paid-up capital of Calcorp Limited (PSX: CASH) has extended the deadline by 90 days till November 18, 2024.

JS Global Capital Limited (PSX: JSGCL), the manager of the offer, informed market participants of this development today as a revised notification.

To recall, the original deadline for submitting the PAO was August 20, 2024, following the announcement on February 20, 2024.

The extension was granted because, although the acquirer has taken all reasonable steps to complete the necessary regulatory procedures, some of these procedures are still pending.

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